Abstract
This chapter gives an overview of the agent-based simulation (ABS ) that includes artificial markets (AM ), market models based on ABS. First, various methods of computer simulation for social sciences are briefly introduced and the characteristics of ABS are discussed relative to other methods. Next, important issues related to ABS are examined. Gaming simulation, which is based on human subjects, offers an alternative to computer simulation for studying social systems, and hybridization of gaming and ABS are also discussed. Finally, artificial market models are introduced and the characteristics of the U-Mart are clarified.
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Notes
- 1.
In Chap. 3, a similar characteristic of a simulator is expressed by the word ‘fidelity’.
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© 2016 Springer Japan
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Kita, H. (2016). Research on ABS and Artificial Market. In: Kita, H., Taniguchi, K., Nakajima, Y. (eds) Realistic Simulation of Financial Markets. Evolutionary Economics and Social Complexity Science, vol 4. Springer, Tokyo. https://doi.org/10.1007/978-4-431-55057-0_2
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DOI: https://doi.org/10.1007/978-4-431-55057-0_2
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