Computational Modeling of Collective Human Behavior: The Example of Financial Markets

@inproceedings{Kirou2008ComputationalMO,
  title={Computational Modeling of Collective Human Behavior: The Example of Financial Markets},
  author={Andy Kirou and Blazej Ruszczycki and Markus Walser and Neil F. Johnson},
  booktitle={ICCS},
  year={2008}
}
As a result of the increased availability of higher precision spatiotemporal datasets, coupled with the realization that most real-world human systems are complex, a new field of computational modeling is emerging in which the goal is to develop minimal models of collective human behavior which are consistent with the observed real-world dynamics in a wide range of systems. For example, in the field of finance, the fluctuations across a wide range of markets are known to exhibit certain generic… CONTINUE READING

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