Cellular automata model for the dynamics of a financial market.

Strategies, imitation and moods.

Authors

  • Juan José María Martínez Escuela de Economía y Negocios, Universidad Nacional de San Martín, Argentina.

DOI:

https://doi.org/10.24215/18521649e004

Keywords:

Financial Markets; Stylized facts; Agent-based models; Simulation.

Abstract

We present a model of artificial market generated by heterogeneous agents to simulate
the stylized facts observed in real markets. This model, from the minimalist approach of a
complex system, intended to reproduce these phenomena with minimum cost and generate a
parametric heuristic scalable in complexity from a stochastic micro-foundation and a price
mechanism that includes bounded rationality, imitation, adaptation and moods.

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Published

2018-12-31

How to Cite

Martínez, J. J. M. (2018). Cellular automata model for the dynamics of a financial market.: Strategies, imitation and moods. Económica, 64, 46–94. https://doi.org/10.24215/18521649e004

Issue

Vol. 64 (2018)

Section

Articles

License

The material published in the journal is distributed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) license. This license requires proper credit to be given, a link to the license to be provided, and changes to be indicated. It does not permit commercial use of the work, and if the work is remixed, transformed, or otherwise modified, distribution of such modification is not allowed.