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https://ah.lib.nccu.edu.tw/handle/140.119/64760
題名: | The Agent-Based Double Auction Markets: 15 Years On | 作者: | 陳樹衡 Chen, Shu-Heng ; Tai, Chung-Ching |
貢獻者: | 經濟系 | 關鍵詞: | Novelties discovering; Economic changes; Double auctions; Genetic programming; Autonomous agents | 日期: | 2010 | 上傳時間: | 20-Mar-2014 | 摘要: | Novelties discovering as a source of constant change is the essence of economics. However, most economic models do not have the kind of novelties-discovering agents required for constant changes. This silence was broken by Andrews and Prager 15 years ago when they placed GP (genetic programming)-driven agents in the double auction market. The work was, however, neither economically well interpreted nor complete; hence the silence remains in economics. In this article, we revisit their model and systematically conduct a series of simulations to better document the results. Our simulations show that human-written programs, including some reputable ones, are eventually outperformed by GP. The significance of this finding is not that GP is alchemy. Instead, it shows that novelties-discovering agents can be introduced into economic models, and their appearance inevitably presents threats to other agents who then have to react accordingly. Hence, a potentially indefinite cycle of change is triggered. | 關聯: | Simulating Interacting Agents and Social Phenomena Agent-Based Social Systems Volume 7, 2010, pp 119-136 | 資料類型: | book/chapter |
Appears in Collections: | 專書/專書篇章 |
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File | Size | Format | |
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119136.pdf | 5.4 MB | Adobe PDF2 | View/Open |
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