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- Title
Heterogeneity and Self-Organization of Complex Systems Through an Application to Financial Market with Multiagent Systems.
- Authors
Lucas, Iris; Cotsaftis, Michel; Bertelle, Cyrille
- Abstract
Multiagent systems (MAS) provide a useful tool for exploring the complex dynamics and behavior of financial markets and now MAS approach has been widely implemented and documented in the empirical literature. This paper introduces the implementation of an innovative multi-scale mathematical model for a computational agent-based financial market. The paper develops a method to quantify the degree of self-organization which emerges in the system and shows that the capacity of self-organization is maximized when the agent behaviors are heterogeneous. Numerical results are presented and analyzed, showing how the global market behavior emerges from specific individual behavior interactions.
- Subjects
MULTIAGENT systems; MARKETING theory; MARKETING models; BUILDING trades education; FINANCIAL market reaction
- Publication
International Journal of Bifurcation & Chaos in Applied Sciences & Engineering, 2017, Vol 27, Issue 14, p-1
- ISSN
0218-1274
- Publication type
Article
- DOI
10.1142/S0218127417502194