[Swarm-Modelling] [Fwd: Re: ABMs in finance

[Steve Railsback]

-------- Original Message --------
From: Pietro Terna <address@hidden>
Reply-To: SwarmFest 2006 Organizers list <address@hidden>

At 03.55 21/04/2006, you wrote:
> I'm not a big believer in ABM w.r.t. finance as it is one area where 
> there are huge perfect datasets..  In my experience it seems 
> pointless to `extend' them using simulations.


        I disagree totally: abm in finance is about behavior (as a
Marcus work points out), not data generation.

        Pietro