Behavior Finance and Agent-Based Computational Finance: Toward an Integrating Framework

Title	Behavior Finance and Agent-Based Computational Finance: Toward an Integrating Framework
Creator	陳樹衡;C.-C. Liao Chen,Shu-Heng;Liao,Chung-Chih
Contributor	政大經濟系
Date	2004
Date Issued	9-Jan-2009 12:18:17 (UTC+8)
Summary	This paper depicts three categories of research trying to reveal the underlying mysteries behind wellrecognized financial market phenomena, for instance, the anomalies. The first is rational agents models, the second is behavioral models, and the third is agent-based models. We argue that agentbased modeling is a promising approach that catches the important feature of real financial markets, that is, the very nature of complex adaptive systems. Analytical behavioral models may provide a starting point for agent engineering in agent-based models, while agent-based modeling lets us test whether a specific kind of judgment bias of traders can emerge and survive in the complex competitive market place.
Relation	Journal of Management and Economics,8(8)
Type	article

dc.contributor	政大經濟系	-
dc.creator (作者)	陳樹衡;C.-C. Liao	zh_TW
dc.creator (作者)	Chen,Shu-Heng;Liao,Chung-Chih	-
dc.date (日期)	2004	en_US
dc.date.accessioned	9-Jan-2009 12:18:17 (UTC+8)	-
dc.date.available	9-Jan-2009 12:18:17 (UTC+8)	-
dc.date.issued (上傳時間)	9-Jan-2009 12:18:17 (UTC+8)	-
dc.identifier.uri (URI)	https://nccur.lib.nccu.edu.tw/handle/140.119/23287	-
dc.description.abstract (摘要)	This paper depicts three categories of research trying to reveal the underlying mysteries behind wellrecognized financial market phenomena, for instance, the anomalies. The first is rational agents models, the second is behavioral models, and the third is agent-based models. We argue that agentbased modeling is a promising approach that catches the important feature of real financial markets, that is, the very nature of complex adaptive systems. Analytical behavioral models may provide a starting point for agent engineering in agent-based models, while agent-based modeling lets us test whether a specific kind of judgment bias of traders can emerge and survive in the complex competitive market place.	-
dc.format	application/	en_US
dc.language	en	en_US
dc.language	en-US	en_US
dc.language.iso	en_US	-
dc.relation (關聯)	Journal of Management and Economics,8(8)	en_US
dc.title (題名)	Behavior Finance and Agent-Based Computational Finance: Toward an Integrating Framework	en_US
dc.type (資料類型)	article	en