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

[Steve Railsback]

-------- Original Message --------
Subject:        Re: [Swarmfest2006] Keynote speakers
Date:   Fri, 21 Apr 2006 13:49:54 +0200
From:   Pietro Terna <address@hidden>



At 13.09 21/04/2006, you wrote:
> Pietro Terna wrote:
> >         I disagree totally: abm in finance is about behavior
> Well, let me clarify.. On NYSE or LSE, for example, the transaction 
...

        But how can you obtain results like that of:
Daniels, M.G., Farmer, J.D., Iori, G., Smith, E. (2002), /How storing
supply and demand affects price diffusion/, Santa Fe working paper at
www.santafe.edu/sfi/publications/Working-Papers/02-01-001.pdf
<http://www.santafe.edu/sfi/publications/Working-Papers/02-01-001.pdf>

or

J. Doyne Farmer, Paolo Patelli, and Ilija I. Zovko, The predictive power
of zero intelligence
in financial markets, 2254?2259 PNAS February 8, 2005 vol. 102 no. 6

or (let me cite myself)

P. Terna (2002
<http://web.econ.unito.it/terna/deposito/book2terna_pdf.zip>), Cognitive
Agents Behaving in a Simple Stock Market Structure, in F. Luna and A.
Perrone (eds), /Agent-Based Methods in Economics and Finance:
Simulations in Swarm/. Dordrecht and London, Kluwer Academic.
http://web.econ.unito.it/terna/deposito/book2terna_pdf.zip

without ABM?

        Pietro