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Chapter and Conference Paper
The Agent-Based Double Auction Markets: 15 Years On
Novelties discovering as a source of constant change is the essence of economics. However, most economic models do not have the kind of novelties-discovering agents required for constant changes. This silence ...
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Chapter
Individual Rationality as a Partial Impediment to Market Efficiency
In this chapter we conduct two experiments within an agent-based double auction market. These two experiments allow us to see the effect of learning and smartness on price dynamics and allocative efficiency. O...