Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/121316 
Erscheinungsjahr: 
2015
Schriftenreihe/Nr.: 
MAGKS Joint Discussion Paper Series in Economics No. 28-2015
Verlag: 
Philipps-University Marburg, School of Business and Economics, Marburg
Zusammenfassung: 
Agent based models of financial markets follow different approaches and might be categorized according to major building blocks used. Such building blocks include agent design, agent evolution, and the price finding mechanism. The performance of agent based models in matching key features of real market processes depends on how these building blocks are selected and combined. For model comparison, both, measures of model fit and model complexity are required. Some suggestions are made on how to measure complexity of agent based models. An application for the foreign exchange market illustrates the potential of this approach.
Schlagwörter: 
agent based modeling
model selection
complexity
JEL: 
C63
C18
C58
G17
Dokumentart: 
Working Paper

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