Agent-based modeling and complexity of capital market
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    Abstract:

    Agent-based modeling which is a new approach to the research of the complexity in financial market is promising. Minority game (MG) that is an important agent-based model is introduced in this paper. The results of our simulation show that the fluctuation features of MG that is in crowded region are more similar to real market than that in prefect cooperation region. So we extend the basic MG and present a high adaptable MG. The results of numerical simulation on the new model show that agents will be more ...

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