84 search results - page 1 / 17 » When do markets with simple agents fail |
ATAL
2010
Springer
13 years 5 months ago
2010
Springer
We consider (prediction) markets where myopic agents sequentially interact with an automated market maker. We show a broad negative result: by varying the order of participation, ...
MOR
2007
13 years 4 months ago
2007
A discrete-time financial market model is considered with a sequence of investors whose preferences are described by utility functions Un defined on the whole real line. It is s...
ICCSA
2010
Springer
13 years 3 months ago
2010
Springer
In our work the focus is on emergent behaviour in large groups of stock market participants. We do not assume that market participants take rational investment decisions based on f...
AIPS
2010
13 years 5 months ago
2010
When using a planner-based agent architecture, many things can go wrong. First and foremost, an agent might fail to execute one of the planned actions for some reasons. Even more ...
IWCLS
1999
Springer
13 years 9 months ago
1999
Springer
In this paper we describe a simple model of adaptive agents of different types, represented by Learning Classifier Systems (LCS), which make investment decisions about a risk fre...