Market Participant Estimation by Using Artificial Market

  • Fujio Toriumi
  • Kiyoshi Izumi
  • Hiroki Matsui
Part of the Studies in Computational Intelligence book series (SCI, volume 325)


In designing a realistic artificial market, one of the most important points to consider is the combination of agents used. In this study, we propose an estimation method based on inverse simulation to estimate the combinations of traders who participate in the market. The proposed method applies a simulation that estimates market paricipation in different markets. The simulation results indicate that the proposed method is capable of estimating market participants.


Trading Volume Institutional Investor Market Participant Price Movement Real Market 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Springer-Verlag Berlin Heidelberg 2010

Authors and Affiliations

  • Fujio Toriumi
    • 1
  • Kiyoshi Izumi
    • 2
  • Hiroki Matsui
    • 3
  1. 1.Graduate School of Information ScienceNagoya University 
  2. 2.Digital HumanResearchCenterAIST 
  3. 3.CMD LaboratoryInc 

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