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Books > Business & Economics > Business & management
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Artificial Market Experiments with the U-Mart System (Paperback, 2008 ed.)
Loot Price: R2,515
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Artificial Market Experiments with the U-Mart System (Paperback, 2008 ed.)
Series: Agent-Based Social Systems, 4
Expected to ship within 10 - 15 working days
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Economics went through great development in the 20th century. This
development, which was based mainly on mathematical methods, is not
an appropriate method of analyzing markets that change every hour
and every day. In a stock market, prices constantly change
depending on speculation. U-Mart, a manmade market, has been
proposed in order to study such instantly moving markets. Although
the U-Mart system is internationally acclaimed for being at the
forefront of market research, its use is by no means limited to a
small number of researchers on the fringe. The whole system,
including its source code, is open and is distributed without
charge, testifying to a philosophy of creating and providing a
common test bed for research into financial markets.
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