Agent-Based Simulation in Finance (Paperback) (ISBN-13: 9783639491135)

Mutli-agent based simulation models allow for the research of economic questions differently than before. This thesis builds a multi-agent based simulation model of the U.S. financial market, to examine the behavior of banks within it. Although the focus is on the credit market, a sub-goal is to build a complete model of the market. This is due to the observation, that in the 2007 financial crisis, seemingly small adjustments in one market of the U.S. led to a world-wide shock to the financial system. While designing, some existing ACE-models are adapted as well as new ones incorporated. The simulation model includes ideas for models of banks, hedge funds, the Federal Reserve System, a stock trading simulation, an information market and federal, as well as corporate and private household, credit customers.

Author: Jason Thomas Wilmans
ISBN-10: 3639491130
ISBN-13: 9783639491135
Publisher: AV Akademikerverlag
Language: English
Published: 05/13/2014
Pages: 68
Format: Paperback
Weight: 0.25lbs
Size: 9.00h x 6.00w x 0.16d