Please use this identifier to cite or link to this item:
https://ah.lib.nccu.edu.tw/handle/140.119/64760
DC Field | Value | Language |
---|---|---|
dc.contributor | 經濟系 | en_US |
dc.creator | 陳樹衡 | zh_TW |
dc.creator | Chen, Shu-Heng ; Tai, Chung-Ching | en_US |
dc.date | 2010 | en_US |
dc.date.accessioned | 2014-03-20T09:08:37Z | - |
dc.date.available | 2014-03-20T09:08:37Z | - |
dc.date.issued | 2014-03-20T09:08:37Z | - |
dc.identifier.uri | http://nccur.lib.nccu.edu.tw/handle/140.119/64760 | - |
dc.description.abstract | 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. | en_US |
dc.format.extent | 5533479 bytes | - |
dc.format.mimetype | application/pdf | - |
dc.language.iso | en_US | - |
dc.relation | Simulating Interacting Agents and Social Phenomena Agent-Based Social Systems Volume 7, 2010, pp 119-136 | en_US |
dc.subject | Novelties discovering; Economic changes; Double auctions; Genetic programming; Autonomous agents | en_US |
dc.title | The Agent-Based Double Auction Markets: 15 Years On | en_US |
dc.type | book/chapter | en |
item.languageiso639-1 | en_US | - |
item.cerifentitytype | Publications | - |
item.openairecristype | http://purl.org/coar/resource_type/c_18cf | - |
item.openairetype | book/chapter | - |
item.fulltext | With Fulltext | - |
item.grantfulltext | open | - |
Appears in Collections: | 專書/專書篇章 |
Files in This Item:
File | Size | Format | |
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119136.pdf | 5.4 MB | Adobe PDF2 | View/Open |
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