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- W2061165362 abstract "We describe a model of a stockmarket in which independent adaptive agents can buy and sell stock on a central market. The overall market behavior, such as the stock price time series, is an emergent property of the agents' behavior. This approach to modelling a market is contrasted with conventional rational expectations approaches. Our model does not necessarily converge to an equilibrium, and can show bubbles, crashes, and continued high trading volume." @default.
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- W2061165362 date "1994-08-01" @default.
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- W2061165362 title "Artificial economic life: a simple model of a stockmarket" @default.
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- W2061165362 doi "https://doi.org/10.1016/0167-2789(94)90287-9" @default.
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