Understanding agent-based models of financial markets : A bottom–up approach based on order parameters and phase diagrams
We describe a bottom–up framework, based on the identification of appropriate order parameters and determination of phase diagrams, for understanding progressively refined agent-based models and simulations of financial markets. We illustrate this framework by starting with a deterministic toy model...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Journal Article |
| Language: | English |
| Published: |
2013
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| Subjects: | |
| Online Access: | https://hdl.handle.net/10356/105490 http://hdl.handle.net/10220/17937 http://dx.doi.org/10.1016/j.physa.2012.06.014 |