Download or read book Nasdaq Market Simulation A Insights On A Major Market From The Science Of Complex Adaptive Systems written by Vincent Darley and published by World Scientific. This book was released on 2007-03-21 with total page 167 pages. Available in PDF, EPUB and Kindle. Book excerpt: This pioneering book describes the applications of agent-based modeling to financial markets. It presents a new paradigm for finance, where markets are treated as complex systems whose behavior emerges as a result of interactions of market participants, market institutions, and market rules. This includes both a presentation of the conceptual model and its software implementation. It also summarises the result of the profound research on the successful practical application of this new approach to answer questions regarding the NASDAQ Stock Market's decimalization that was implemented in 2001.The book presents conceptual foundations for modeling markets as complex systems. It describes the agent-based model of the NASDAQ stock market, including strategies used by market-makers and investors, market participants interactions, and impacts of rules and regulations. It includes analyses of simulation behavior, comparison with the behaviors observed in the real-world markets (existence of fat tails, spread clustering, etc.), and predictions about possible outcomes of decimalization. A framework for calibrating the market behavior and individual market-makers strategies to historical data is also presented.
Download or read book A NASDAQ Market Simulation written by Vincent Darley and published by World Scientific. This book was released on 2007 with total page 167 pages. Available in PDF, EPUB and Kindle. Book excerpt: This pioneering book describes the applications of agent-based modeling to financial markets. It presents a new paradigm for finance, where markets are treated as complex systems whose behavior emerges as a result of interactions of market participants, market institutions, and market rules. This includes both a presentation of the conceptual model and its software implementation. It also summarises the result of the profound research on the successful practical application of this new approach to answer questions regarding the NASDAQ Stock Market's decimalization that was implemented in 2001.The book presents conceptual foundations for modeling markets as complex systems. It describes the agent-based model of the NASDAQ stock market, including strategies used by market-makers and investors, market participants interactions, and impacts of rules and regulations. It includes analyses of simulation behavior, comparison with the behaviors observed in the real-world markets (existence of fat tails, spread clustering, etc.), and predictions about possible outcomes of decimalization. A framework for calibrating the market behavior and individual market-makers strategies to historical data is also presented.
Download or read book A NASDAQ Market Simulation written by Vincent Darley and published by World Scientific. This book was released on 2007 with total page 167 pages. Available in PDF, EPUB and Kindle. Book excerpt: This pioneering book describes the applications of agent-based modeling to financial markets. It presents a new paradigm for finance, where markets are treated as complex systems whose behavior emerges as a result of interactions of market participants, market institutions, and market rules. This includes both a presentation of the conceptual model and its software implementation. It also summarises the result of the profound research on the successful practical application of this new approach to answer questions regarding the Nasdaq Stock MarketOCOs decimalization that was implemented in 2001. The book presents conceptual foundations for modeling markets as complex systems. It describes the agent-based model of the Nasdaq stock market, including strategies used by market-makers and investors, market participants interactions, and impacts of rules and regulations. It includes analyses of simulation behavior, comparison with the behaviors observed in the real-world markets (existence of fat tails, spread clustering, etc.), and predictions about possible outcomes of decimalization. A framework for calibrating the market behavior and individual market-makers strategies to historical data is also presented."
Download or read book Agent based Modeling and Simulation written by S. Taylor and published by Springer. This book was released on 2014-08-27 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: Operational Research (OR) deals with the use of advanced analytical methods to support better decision-making. It is multidisciplinary with strong links to management science, decision science, computer science and many application areas such as engineering, manufacturing, commerce and healthcare. In the study of emergent behaviour in complex adaptive systems, Agent-based Modelling & Simulation (ABMS) is being used in many different domains such as healthcare, energy, evacuation, commerce, manufacturing and defense. This collection of articles presents a convenient introduction to ABMS with papers ranging from contemporary views to representative case studies. The OR Essentials series presents a unique cross-section of high quality research work fundamental to understanding contemporary issues and research across a range of Operational Research (OR) topics. It brings together some of the best research papers from the esteemed Operational Research Society and its associated journals, also published by Palgrave Macmillan.
Download or read book Reachable Sets of Dynamic Systems written by Stanislaw Raczynski and published by Elsevier. This book was released on 2023-04-21 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reachable Sets of Dynamic Systems: Uncertainty, Sensitivity, and Complex Dynamics introduces differential inclusions, providing an overview as well as multiple examples of its interdisciplinary applications. The design of dynamic systems of any type is an important issue as is the influence of uncertainty in model parameters and model sensitivity. The possibility of calculating the reachable sets may be a powerful additional tool in such tasks. This book can help graduate students, researchers, and engineers working in the field of computer simulation and model building, in the calculation of reachable sets of dynamic models. - Introduces methodologies and approaches to the modeling and simulation of dynamic systems - Presents uncertainty treatment and model sensitivity are described, and interdisciplinary examples - Explores applications of differential inclusions in modeling and simulation
Download or read book Market Risk and Financial Markets Modeling written by Didier Sornette and published by Springer Science & Business Media. This book was released on 2012-02-03 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: The current financial crisis has revealed serious flaws in models, measures and, potentially, theories, that failed to provide forward-looking expectations for upcoming losses originated from market risks. The Proceedings of the Perm Winter School 2011 propose insights on many key issues and advances in financial markets modeling and risk measurement aiming to bridge the gap. The key addressed topics include: hierarchical and ultrametric models of financial crashes, dynamic hedging, arbitrage free modeling the term structure of interest rates, agent based modeling of order flow, asset pricing in a fractional market, hedge funds performance and many more.
Download or read book Artificial Intelligence Methodology Systems and Applications written by Daniel Dochev and published by Springer. This book was released on 2008-08-25 with total page 427 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the refereed proceedings of the 13th International Conference on Artificial Intelligence: Methodology, Systems, and Applications, AIMSA 2008, held in Varna, Bulgaria in September 2008. The 30 revised full papers presented together with the 10 posters were carefully reviewed and selected from 109 submissions. The papers are organized in topical sections on agents; natural language processing and text analysis; machine learning and information retrieval; knowledge representation and reasoning; constraints, heuristics and search; applications; posters.
Download or read book Aid on the Edge of Chaos written by Ben Ramalingam and published by OUP Oxford. This book was released on 2013-10-24 with total page 661 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is widely recognised that the foreign aid system - which today involves every country in the world - is in need of drastic change. But there are conflicting opinions as to what is needed. Some call for dramatic increases in resources, to meet long-overdue commitments, and to scale up what is already being done around the world. Others point to the flaws in aid, and bang the drum for cutting it altogether - and argue that the fate of poor and vulnerable people be best placed in the hands of markets and the private sector. Meanwhile, growing numbers are suggesting that what is most needed is the creative, innovative transformation of how aid works. Aid on the Edge of Chaos is firmly in the third of these camps. In this ground-breaking book, Ben Ramalingam shows that the linear, mechanistic models and assumptions on which foreign aid is built would be more at home in early twentieth century factory floors than in the dynamic, complex world we face today. All around us, we can see the costs and limitations of dealing economies and societies as if they are analogous to machines. The reality is that such social systems have far more in common with ecosystems: they are complex, dynamic, diverse and unpredictable. Many thinkers and practitioners in science, economics, business, and public policy have started to embrace more 'ecologically literate' approaches to guide both thinking and action, informed by ideas from the 'new science' of complex adaptive systems. Inspired by these efforts, there is an emerging network of aid practitioners, researchers, and policy makers who are experimenting with complexity-informed responses to development and humanitarian challenges. This book showcases the insights, experiences, and often remarkable results from these efforts. From transforming approaches to child malnutrition, to rethinking processes of economic growth, from building peace to combating desertification, from rural Vietnam to urban Kenya, Aid on the Edge of Chaos shows how embracing the ideas of complex systems thinking can help make foreign aid more relevant, more appropriate, more innovative, and more catalytic. Ramalingam argues that taking on these ideas will be a vital part of the transformation of aid, from a post-WW2 mechanism of resource transfer, to a truly innovative and dynamic form of global cooperation fit for the twenty-first century.
Download or read book Advances in Practical Multi Agent Systems written by Quan Bai and published by Springer. This book was released on 2010-10-12 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: Multi-Agent System (MAS) is an exciting, emerging paradigm expected to play a key role in many society-changing practices. The International Conference on Principles and Practice of Multi-Agent Systems (PRIMA) is a leading scientific conference for research on intelligent agent systems and multi-agent systems, attracting high quality, state-of-the-art research from all over the world. PRIMA’09 was the 12th in the series of PRIMA conferences and was held in Nagoya, Japan. Beside a single-track main conference, PRIMA’09 also included a number of workshops which were designed to provide a forum for researchers and practitioners to present and exchange the latest developments at the MAS frontier. This book constitutes the post-proceedings of workshops under PRIMA’09. Readers will be able to explore a diverse range of topics and detailed discussions related to a number of important themes in our ever changing world. This collection plays an important role in bridging the gap between MAS theory and practice. It emphasizes the importance of MAS in the research and development of smart power grid systems, decision support systems, optimization and analysis systems for road traffic and markets, environmental monitoring and simulation, and in many other real-world applications and publicizes and extends MAS technology to many domains in this fast moving information age.
Download or read book Large Scale Structure and Dynamics of Complex Networks written by Guido Caldarelli and published by World Scientific. This book was released on 2007 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the culmination of three years of research effort on a multidisciplinary project in which physicists, mathematicians, computer scientists and social scientists worked together to arrive at a unifying picture of complex networks. The contributed chapters form a reference for the various problems in data analysis visualization and modeling of complex networks.
Download or read book Agents and Artificial Intelligence written by Ana Paula Rocha and published by Springer Nature. This book was released on 2022-07-18 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes selected papers from the refereed proceedings of the 13th International Conference on Agents and Artificial Intelligence, ICAART 2021, which was held online during February 4–6, 2021. A total of 72 full and 99 short papers were carefully reviewed and selected for the conference from a total of 298 submissions; 17 selected full papers are included in this book. They were organized in topical sections named agents and artificial intelligence.
Download or read book Agent Based Modelling and Geographical Information Systems written by Andrew Crooks and published by SAGE. This book was released on 2018-12-13 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the era of Big Data and computational social science. It is an era that requires tools which can do more than visualise data but also model the complex relation between data and human action, and interaction. Agent-Based Models (ABM) - computational models which simulate human action and interaction – do just that. This textbook explains how to design and build ABM and how to link the models to Geographical Information Systems. It guides you from the basics through to constructing more complex models which work with data and human behaviour in a spatial context. All of the fundamental concepts are explained and related to practical examples to facilitate learning (with models developed in NetLogo with all code examples available on the accompanying website). You will be able to use these models to develop your own applications and link, where appropriate, to Geographical Information Systems. All of the key ideas and methods are explained in detail: geographical modelling; an introduction to ABM; the fundamentals of Geographical Information Science; why ABM and GIS; using QGIS; designing and building an ABM; calibration and validation; modelling human behavior. An applied primer, that provides fundamental knowledge and practical skills, it will provide you with the skills to build and run your own models, and to begin your own research projects.
Download or read book The SAGE Handbook of Complexity and Management written by Peter Allen and published by SAGE. This book was released on 2011-03-18 with total page 665 pages. Available in PDF, EPUB and Kindle. Book excerpt: The SAGE Handbook of Complexity and Management is the first substantive scholarly work to provide a map of the state of art research in the growing field emerging at the intersection of complexity science and management studies. Edited and written by internationally respected scholars from management and related disciplines, the Handbook will be the definitive reference source for understanding the implications of complexity science for management research and practice. Part One: Foundations introduces complexity science and its implications for the foundations of scientific knowledge, including management knowledge. Part Two: Applications presents the numerous ways in which complexity science models and tools, as well as complexity thinking, are being applied to management and organizational phenomena and the insights gained as a result. Part Three: Interfaces highlights how complexity science is transforming various non-management fields and, in so doing, creating exciting interfaces for bridging between management and related disciplines.
Download or read book Revisiting Hayek s Political Economy written by Peter J. Boettke and published by Emerald Group Publishing. This book was released on 2016-12-08 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volume 21 of Advances in Austrian Economics exemplifies this focus by highlighting key research from the Austrian tradition of economics with other research traditions in economics and related areas.
Download or read book Introducing the Oscillations Based Paradigm written by Darius Plikynas and published by Springer. This book was released on 2016-06-16 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book presents a conceptually novel oscillations based paradigm, the Oscillation-Based Multi-Agent System (OSIMAS), aimed at the modelling of agents and their systems as coherent, stylized, neurodynamic processes. This paradigm links emerging research domains via coherent neurodynamic oscillation based representations of the individual human mind and society (as a coherent collective mind) states. Thus, this multidisciplinary paradigm delivers an empirical and simulation research framework that provides a new way of modelling the complex dynamics of individual and collective mind states. This book addresses a conceptual problem – the lack of a multidisciplinary, connecting paradigm, which could link fragmented research in the fields of neuroscience, artificial intelligence (AI), multi-agent system (MAS) and the social network domains. The need for a common multidisciplinary research framework essentially arises because these fields share a common object of investigation and simulation, i.e., individual and collective human behavior. Although the fields of research mentioned above all approach this from different perspectives, their common object of investigation unites them. By putting the various pathways of research as they are interrelated into perspective, this book provides a philosophical underpinning, experimental background and modelling tools that the author anticipates will reveal new frontiers in multidisciplinary research. Fundamental investigation of the implicit oscillatory nature of agents’ mind states and social mediums in general can reveal some new ways of understanding the periodic and nonperiodic fluctuations taking place in real life. For example, via agent states-related diffusion properties, we could investigate complex economic phenomena like the spread of stock market crashes, currency crises, speculative oscillations (bubbles and crashes), social unrest, recessionary effects, sovereign defaults, etc. All these effects are closely associated with social fragility, which follows and is affected by cycles such as production, political, business and financial. Thus, the multidisciplinary OSIMAS paradigm can yield new knowledge and research perspectives, allowing for a better understanding of social agents and their social organization principles.
Download or read book Biological Networks written by Franois Kps and published by World Scientific. This book was released on 2007 with total page 531 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents a timely and comprehensive overview of biological networks at all organization levels in the spirit of the complex system approach. It discusses the transversal issues and fundamental principles as well as the overall structure, dynamics, and modeling of a wide array of biological networks at the molecular, cellular, and population levels. Anchored in both empirical data and a strong theoretical background, the book therefore lends valuable credence to the complex systems approach.
Download or read book Large Scale Complex IT Systems Development Operation and Management written by Radu Calinescu and published by Springer. This book was released on 2012-10-12 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the thoroughly refereed and revised post-workshop proceedings of the 17th Monterey Workshop, held in Oxford, UK, in March 2012. The workshop explored the challenges associated with the Development, Operation and Management of Large-Scale complex IT Systems. The 21 revised full papers presented were significantly extended and improved by the insights gained from the productive and lively discussions at the workshop, and the feedback from the post-workshop peer reviews.
