This paper reviews some agent-based artificial markets models classifying molecular, organizational and environmental sources of complexity. The first refers to the agents themselves, the second to the relationships among agents, the third to the market structures and rules in which traders are embedded. We describe a few examples for each category and argue that simplicity should have a big role at this point of the development of agent-based research. Two exemplar cases of terse models (molecular and environmental, respectively) are finally discussed and commented.

Complexities and simplicity: a review of agent-based artificial markets

PELLIZZARI, Paolo
2005-01-01

Abstract

This paper reviews some agent-based artificial markets models classifying molecular, organizational and environmental sources of complexity. The first refers to the agents themselves, the second to the relationships among agents, the third to the market structures and rules in which traders are embedded. We describe a few examples for each category and argue that simplicity should have a big role at this point of the development of agent-based research. Two exemplar cases of terse models (molecular and environmental, respectively) are finally discussed and commented.
2005
Volume Unico
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10278/24561
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