£76.00

World Scientific Publishing Company NASDAQ MARKET SIMULATION, A: INSIGHTS ON A MAJOR MARKET FROM THE SCIENCE OF COMPLEX ADAPTIVE SYSTEMS: 1 (Complex Systems And Interdisciplinary Science)

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Last 614 days • 614 data points (No recent data available)

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£115.77 £56.58 £69.49 £82.41 £95.32 £108.24 £121.15 07 July 2024 07 December 2024 09 May 2025 09 October 2025 12 March 2026

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Price distribution over 614 days • 9 price levels

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13 days 106 days 101 days 8 days 22 days 10 days 15 days · current 245 days 94 days 0 61 123 184 245 £62 £66 £67 £68 £69 £70 £76 £84 £116 Days at Price

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Most common price: £84 (245 days, 39.9%)

Price range: £62 - £116

Price levels: 9 different prices over 614 days

Description

This pioneering book describes the applications of agent-based modeling to financial markets. It presents a new paradigm for finance, where markets are treated as complex systems whose behavior emerges as a result of interactions of market participants, market institutions, and market rules. This includes both a presentation of the conceptual model and its software implementation. It also summarises the result of the profound research on the successful practical application of this new approach to answer questions regarding the NASDAQ Stock Market's decimalization that was implemented in 2001.The book presents conceptual foundations for modeling markets as complex systems. It describes the agent-based model of the NASDAQ stock market, including strategies used by market-makers and investors, market participants interactions, and impacts of rules and regulations. It includes analyses of simulation behavior, comparison with the behaviors observed in the real-world markets (existence of fat tails, spread clustering, etc.), and predictions about possible outcomes of decimalization. A framework for calibrating the market behavior and individual market-makers strategies to historical data is also presented.

Product Specifications

Format
Hardcover
Domain
Amazon UK
Release Date
22 May 2007
Listed Since
19 February 2007

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No barcode data available

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