RT Generic
T1 Modelling adaptive complex behaviour with an application to the stock markets dynamics
A1 Aparicio, Felipe M.
A2 Universidad Carlos III de Madrid. Departamento de Estadística, 
AB In this paper we review a simple agent-based model of adaptive complex behaviour that shows how the interaction of different agent's profit-oriented decisions leads to a wide spectra of organizational possibilities. We comment on some potential applications of this model to the social and life sciences, and later focus on the modelling of the stock market dynamics. We show how some ~f the features of stock price series, and in particular extreme events such as speculative bubbles and crashes, can be obtained when certain conditions are satisfied by most of the investors' preferences.
YR 1998
FD 1998-11
LK https://hdl.handle.net/10016/6284
UL https://hdl.handle.net/10016/6284
LA eng
DS e-Archivo
RD 24 may. 2024