SPICE: a guide to circuit simulation and analysis using PSpice
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Co-evolving parasites improve simulated evolution as an optimization procedure
CNLS '89 Proceedings of the ninth annual international conference of the Center for Nonlinear Studies on Self-organizing, Collective, and Cooperative Phenomena in Natural and Artificial Computing Networks on Emergent computation
Artificial economic life: a simple model of a stockmarket
Proceedings of the NATO advanced research workshop and EGS topical workshop on Chaotic advection, tracer dynamics and turbulent dispersion
Growing artificial societies: social science from the bottom up
Growing artificial societies: social science from the bottom up
Genetic Algorithms in Search, Optimization and Machine Learning
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Microscopic Simulation of Financial Markets: From Investor Behavior to Market Phenomena
Microscopic Simulation of Financial Markets: From Investor Behavior to Market Phenomena
ACM SIGGRAPH Computer Graphics
Co-evolutionary Auction Mechanism Design: A Preliminary Report
AAMAS '02 Revised Papers from the Workshop on Agent Mediated Electronic Commerce on Agent-Mediated Electronic Commerce IV, Designing Mechanisms and Systems
Applying evolutionary game theory to auction mechanism design
Proceedings of the 4th ACM conference on Electronic commerce
Old tricks, new dogs: ethology and interactive creatures
Old tricks, new dogs: ethology and interactive creatures
Combating Coevolutionary Disengagement by Reducing Parasite Virulence
Evolutionary Computation
Visualizing Coevolution with CIAO Plots
Artificial Life
Minority Games: Interacting Agents in Financial Markets (Oxford Finance Series)
Minority Games: Interacting Agents in Financial Markets (Oxford Finance Series)
The Penn-Lehman Automated Trading Project
IEEE Intelligent Systems
Handbook of Computational Economics, Volume 2: Agent-Based Computational Economics (Handbook of Computational Economics)
Complex Engineered Systems: Science Meets Technology (Understanding Complex Systems)
Complex Engineered Systems: Science Meets Technology (Understanding Complex Systems)
Generative Social Science: Studies in Agent-Based Computational Modeling (Princeton Studies in Complexity)
The Black Swan: The Impact of the Highly Improbable
The Black Swan: The Impact of the Highly Improbable
Cognition, Technology and Work
Ultralarge Systems: Redefining Software Engineering?
IEEE Software
Eating the IT Elephant: Moving from Greenfield Development to Brownfield
Eating the IT Elephant: Moving from Greenfield Development to Brownfield
Strategic bidding in continuous double auctions
Artificial Intelligence
Towards Automating Simulation-Based Design Verification Using ILP
Inductive Logic Programming
Simulation-Based Engineering of Complex Systems
Simulation-Based Engineering of Complex Systems
Nasdaq Market Simulation: Insights on a Major Market from the Science of Complex Adaptive Systems
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Very fast action selection for parameterized behaviors
Proceedings of the 4th International Conference on Foundations of Digital Games
Analysis of coevolution for worst-case optimization
Proceedings of the 11th Annual conference on Genetic and evolutionary computation
Complexity: A Guided Tour
A systems engineering process for development of federated simulations
SpringSim '09 Proceedings of the 2009 Spring Simulation Multiconference
Agent-human interactions in the continuous double auction
IJCAI'01 Proceedings of the 17th international joint conference on Artificial intelligence - Volume 2
Simulation and Its Discontents: Simplicity: Design, Technology, Business, Life
Simulation and Its Discontents: Simplicity: Design, Technology, Business, Life
IEEE Transactions on Evolutionary Computation - Special issue on computational finance and economics
Principles of complex systems for systems engineering
Systems Engineering
Testing in the Wild: The Social and Organisational Dimensions of Real World Practice
Computer Supported Cooperative Work
The engineering of concurrent simulations of complex systems
CEC'09 Proceedings of the Eleventh conference on Congress on Evolutionary Computation
The Art of Scalability: Scalable Web Architecture, Processes, and Organizations for the Modern Enterprise
Evolutionary mechanism design: a review
Autonomous Agents and Multi-Agent Systems
Reflections on the Simulation of Complex Systems for Science
ICECCS '10 Proceedings of the 2010 15th IEEE International Conference on Engineering of Complex Computer Systems
Socio-technical systems: From design methods to systems engineering
Interacting with Computers
System of systems hazard analysis using simulation and machine learning
SAFECOMP'06 Proceedings of the 25th international conference on Computer Safety, Reliability, and Security
Software engineering techniques for the development of systems of systems
Monterey'08 Proceedings of the 15th Monterey conference on Foundations of Computer Software: future Trends and Techniques for Development
Large-scale complex IT systems
Communications of the ACM
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We argue here that, in recent years, the world's financial markets have become a globally interconnected complex adaptive ultra-large-scale socio-technical system-of-systems, and that this has important consequences for how the financial markets should be engineered and managed in future. Major failures in the financial markets can now occur at super-human speeds, as was witnessed in the "Flash Crash" of May 6th 2010. Events such as the Flash Crash may become more commonplace in future, unless lessons are learned from other fields where complex adaptive socio-technical systems-of-systems have to be engineered for high-integrity, safety-critical applications. In this document we review the literature on failures in risky technology and high-integrity approaches to safety-critical SoS engineering. We conclude with an argument that, in the specific case of the global financial markets, there is an urgent need to develop major national strategic modeling and predictive simulation capabilities, comparable to national-scale meteorological monitoring and modeling capabilities. The intent here is not to predict the price-movements of particular financial instruments or asset classes, but rather to provide test-rigs for principled evaluation of systemic risk, estimating probability density functions over spaces of possible outcomes, and thereby identifying potentially high-consequence failure modes in the simulations, before they occur in real life, by which time it is typically too late.