TY - GEN
T1 - Short run dynamics in an artificial futures market with human subjects
AU - Yamada, Takashi
AU - Koyama, Yusuke
AU - Terano, Takao
PY - 2007
Y1 - 2007
N2 - This paper presents the computational results obtained in the strategy experiments in an artificial futures market with human subjects. Participants submit their own strategy files and they receive the performances of all the market participants in order to improve for the next round. After two-round experiments, simulations with only machine agents are run. We find that the time series data support so-called stylized facts in some regards and that experiments of human subjects seem to make the prices be closer to a theoretical value.
AB - This paper presents the computational results obtained in the strategy experiments in an artificial futures market with human subjects. Participants submit their own strategy files and they receive the performances of all the market participants in order to improve for the next round. After two-round experiments, simulations with only machine agents are run. We find that the time series data support so-called stylized facts in some regards and that experiments of human subjects seem to make the prices be closer to a theoretical value.
UR - http://www.scopus.com/inward/record.url?scp=38449086719&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=38449086719&partnerID=8YFLogxK
U2 - 10.1007/978-3-540-77226-2_109
DO - 10.1007/978-3-540-77226-2_109
M3 - Conference contribution
AN - SCOPUS:38449086719
SN - 9783540772255
T3 - Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
SP - 1092
EP - 1101
BT - Intelligent Data Engineering and Automated Learning - IDEAL 2007 - 8th International Conference, Proceedings
PB - Springer Verlag
T2 - 8th International Conference on Intelligent Data Engineering and Automated Learning, IDEAL 2007
Y2 - 16 December 2007 through 19 December 2007
ER -