Chung-Ching Tai

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The purpose of this paper is to introduce the software system AIE-DA, which is designed for the implementation of an agent-based modeling of double auction markets. We shall start this introduction with the current version, Version 2, and then indicate what can be expected from the future of it. AIE-DA is written in the language of Delphi, and is largely(More)
In this chapter, I consider a design framework of a computational experiment in finance. The examination of statistics used for economic forecasts evaluation and profitability of investment decisions, based on those forecasts, reveals only weak relationships between them. The " degree of improvement over efficient prediction " combined with directional(More)
In psychological as well as socioeconomic studies, individual intelligence has been found decisive in many domains. In this paper, we employ genetic programming as the algorithm of our learning agents who compete with other designed strategies extracted from the literature.We then discuss the possibility of using population size as a proxy parameter of(More)
The two-armed bandit problem, or more generally, the multi-armed bandit problem , has been identified as the underlying problem of many practical circumstances which involves making a series of choices among uncertain alternatives. Problems like job searching, customer switching, and even the adoption of fundamental or technical trading strategies of(More)
In this paper, we conducted agent-based simulations in double auction markets with strategies gathered from the literature. The goal is to compare various styles of strategies based on their effectiveness. In shows that adopting heuristics, adaptive strategies, or even more innovative algorithms such as Genetic Programming, can yield different advantages in(More)