TY - BOOK ID - 218327 TI - Agent-Based Modeling : The Santa Fe Institute Artificial Stock Market Model Revisited AU - Ehrentreich, Norman. AU - Santa Fe Institute (Santa Fe, N.M.) PY - 2008 SN - 1281108081 9786611108083 3540738797 3540738789 PB - Berlin, Heidelberg : Springer Berlin Heidelberg : Imprint: Springer, DB - UniCat KW - Equilibrium (Economics) KW - Evolutionary economics. KW - Financial engineering. KW - Rational expectations (Economic theory) KW - Econometric models. KW - Expectations, Rational (Economic theory) KW - Economic forecasting KW - Time and economic reactions KW - Uncertainty KW - Computational finance KW - Engineering, Financial KW - Finance KW - Economics KW - Macroeconomics. KW - Economic theory. KW - Artificial intelligence. KW - Operations research. KW - Economic history. KW - Macroeconomics/Monetary Economics//Financial Economics. KW - Economic Theory/Quantitative Economics/Mathematical Methods. KW - Artificial Intelligence. KW - Operations Research/Decision Theory. KW - History of Economic Thought/Methodology. KW - AI (Artificial intelligence) KW - Artificial thinking KW - Electronic brains KW - Intellectronics KW - Intelligence, Artificial KW - Intelligent machines KW - Machine intelligence KW - Thinking, Artificial KW - Bionics KW - Cognitive science KW - Digital computer simulation KW - Electronic data processing KW - Logic machines KW - Machine theory KW - Self-organizing systems KW - Simulation methods KW - Fifth generation computers KW - Neural computers KW - Economic theory KW - Political economy KW - Social sciences KW - Economic man KW - Economic conditions KW - History, Economic KW - Operational analysis KW - Operational research KW - Industrial engineering KW - Management science KW - Research KW - System theory KW - Decision making. KW - Deciding KW - Decision (Psychology) KW - Decision analysis KW - Decision processes KW - Making decisions KW - Management KW - Management decisions KW - Choice (Psychology) KW - Problem solving KW - Decision making KW - Econometrics. KW - Macroeconomics and Monetary Economics. KW - Quantitative Economics. KW - Operations Research and Decision Theory. KW - History of Economic Thought and Methodology. KW - History. KW - Economics, Mathematical KW - Statistics UR - https://www.unicat.be/uniCat?func=search&query=sysid:218327 AB - This book reconciles the existence of technical trading with the Efficient Market Hypothesis. By analyzing a well-known agent-based model, the Santa Fe Institute Artificial Stock Market (SFI-ASM), it finds that when selective forces are weak, financial evolution cannot guarantee that only the fittest trading rules will survive.Its main contribution lies in the application of standard results from population genetics which have widely been neglected in the agent-based community. This has led to various misinterpretations of previous simulation results. The book is able to finally establish the ER -