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Artificial Market Experiments with the U-Mart System

Artificial Market Experiments with the U-Mart System

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Agent-Based Social Systems

Artificial Market Experiments with the U-Mart System

Yoshinori Shiozawa | Yoshihiro Nakajima | Hiroyuki Matsui | Yuhsuke Koyama | Kazuhisa Taniguchi | Fumihiko Hashimoto

Business & Economics / Management Science

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.


Publication Date: 23 November 2014
Publisher: Springer Japan
Imprint: Springer
ISBN-13: 9784431546894
Format: Paperback / softback
Page Count: 161

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