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Encyclopedia of Finance pp 649–654Cite as

Agent-based models of financial markets

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Abstract

This paper introduces the agent-based modeling methodology and points out the strengths of this method over traditional analytical methods of neoclassical economics. In addition, the various design issues that will be encountered in the design of an agent-based financial market are discussed.

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Author information

Authors and Affiliations

  1. University of San Francisco, San Francisco, USA

    Nicholas S. P. Tay

Authors
  1. Nicholas S. P. Tay
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Editor information

Editors and Affiliations

  1. Rutgers University, New Brunswick/Piscataway, USA

    Cheng-Few Lee

  2. San Francisco State University, San Francisco, USA

    Alice C. Lee

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© 2006 Springer Science+Business Media, Inc.

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Tay, N.S.P. (2006). Agent-based models of financial markets. In: Lee, CF., Lee, A.C. (eds) Encyclopedia of Finance. Springer, Boston, MA. https://doi.org/10.1007/978-0-387-26336-6_66

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  • DOI: https://doi.org/10.1007/978-0-387-26336-6_66

  • Publisher Name: Springer, Boston, MA

  • Print ISBN: 978-0-387-26284-0

  • Online ISBN: 978-0-387-26336-6

  • eBook Packages: Business and Economics

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