Advances in Computational Social Science
The Fourth World Congress
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Chapter
Market Power and the Hayek Hypothesis: An Experimental Investigation
The inconsistency in the literature regarding price behavior in markets with market power suggested that traders are heterogeneous in their ability to discover and exercise their influences on market price. To...
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Book and Conference Proceedings
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Chapter
Can Artificial Traders Learn and Err Like Human Traders? A New Direction for Computational Intelligence in Behavioral Finance
The microstructure of markets involves not only human traders’ learning and erring processes but also their heterogeneity. Much of this part has not been taken into account in the agent-based artificial market...
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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 and Conference Paper
Does Cognitive Capacity Matter When Learning Using Genetic Programming in Double Auction Markets?
The relationship between human subjects’ cognitive capacity and their economic performances has been noticed in recent years due to the evidence found in a series of cognitive economic experiments. However, th...
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Chapter and Conference Paper
Modeling Social Heterogeneity with Genetic Programming in an Artificial Double Auction Market
Individual differences in intellectual abilities can be observed across time and everywhere in the world, and this fact has been well studied by psychologists for a long time. To capture the innate heterogenei...
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Article
Republication: On the Selection of Adaptive Algorithms in ABM: A Computational-Equivalence Approach
Agent-based Methodology (ABM) is becoming indispensable for the interdisciplinary study of social and economic complex adaptive systems. The essence of ABM lies in the notion of autonomous agents whose behavio...
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Article
On the Selection of Adaptive Algorithms in ABM: A Computational-Equivalence Approach
Agent-based Methodology (ABM) is becoming indispensable for the inter disciplinary study of social and economic complex adaptive systems. The essence of ABM lies in the notion of autonomous agents whose behavi...
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Chapter and Conference Paper
Toward a New Principle of Agent Engineering in Multiagent Systems: Computational Equivalence
Agent-based Methodology (ABM) is becoming indispensable for the inter-disciplinary study of social and economic complex adaptive systems. The essence of ABM lies in the notion of autonomous agents whose behavi...
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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...
