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

[Pietro Terna]

        Thanks, the paper is highly interesting.

        No agents, but a very complicated structure.

        My point is that modeling a structure in which sequences or 
networks of events are relevant, and may be the devil in the details 
is substantial (quoting Glen), we can adhere to the parsimony 
principle mainly using ABM.

        Pietro

At 01.29 27/04/2006, you wrote:
> Whilst I sympathetic to your POV, I vaguely recall that Trond Andresen
> was able to show this via a systems engineering model - see Andresen
> (1999), Complexity International vol 6:
>
>   http://journal-ci.csse.monash.edu.au/ci/vol06/andresen/
>
> The point of this model is that it is extremely simple - definitely
> not agent based, but certainly nonlinear.
>
> Cheers
>
> On Thu, Apr 27, 2006 at 12:43:52AM +0200, Pietro Terna wrote:
> >
> >         May be I'm too radical, but theory or data mining don't show
> > that simple random behaving agents, if acting in a time sequence,
> > tick per tick, produce bubbles or crasches.
> >
> >         We can show the emergence only via simulation (agent based).
> >
> >         Pietro
> >
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