A Method of Stock Market Simulation in Economics

2 Citations 5 References
  • AKINAGA Toshiaki
    Research Assistant of Keio University, Department of Economics/ Graduate School of Economics, Keio University
  • TAKASHINA Tomomi
    JSPS Research Fellow / Graduate School of Electro-Communications, The University of Electro-Communications

Bibliographic Information

Other Title
  • 人工株式市場と経済学

Search this article

Description

An artificial stock market is a virtual stock exchange in a computer, which consists of autonomous agents. This market records high transaction volume and often shows bubbles and crashes, if we choose appropriate parameter values. Both phenomena are salient features in a real stock market. However a standard economic model based on an efficient market, which consists of homogeneous agents who have rational expectation, is awkward about these phenomena. We argue the method of simulation, which is only a newcomer in economics, in a methodological context. We also report our own simulation result to confirm the report by the Santa Fe Institute.

Journal

Citations (2)*help

See more

References(5)*help

See more

Keywords

Details 詳細情報について

  • CRID
    1573950402150460672
  • NII Article ID
    110003186789
  • NII Book ID
    AN10013061
  • Text Lang
    ja
  • Data Source
    • CiNii Articles

Report a problem

Back to top