Exogenous Information and Endogenous Market Behavior with Artificial Learning Traders

@inproceedings{Kawamura2002ExogenousIA,
  title={Exogenous Information and Endogenous Market Behavior with Artificial Learning Traders},
  author={Hidenori Kawamura and Daisuke Kanehirat and Koichi Kurumatani and Azuma Ohuchi},
  year={2002}
}
The relationship between macro behavior of the market and micro behavior of traders is very complex. Especially, the relationship between the information and interpretation of traders has not been studied yet. In this paper, we model the artificial market and adaptive trader agents with the abstract information, and clarify the emergent process of micro-macro behavior with traders’ learning mechanism of the information. The learning and interpretation of trader is modeled by the translation… CONTINUE READING

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