The Santa Fe Artificial Stock Market Re-Examined — Suggested Corrections

@inproceedings{Steinstrae2002TheSF,
  title={The Santa Fe Artificial Stock Market Re-Examined — Suggested Corrections},
  author={Gro\sse Steinstra\sse},
  year={2002}
}
  • Große Steinstraße
  • Published 2002
This paper rectifies a design problem in the Santa Fe Artificial Stock Market Model. Due to a faulty mutation operator, the resulting bit distribution in the classifier system was systematically upwardly biased, thus suggesting increased levels of technical trading for smaller GA-invocation intervals. The corrected version partly supports the Marimon-Sargent-Hypothesis that adaptive classifier agents in an artificial stock market will always discover the homogeneous rational expectation… CONTINUE READING

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