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
An Adaptive Agent Based Economic Model
Learning Classifier Systems, From Foundations to Applications
Classifier fitness based on accuracy
Evolutionary Computation
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This study focuses on various trader behaviors that affect market dynamics. In particular, the effects of a covering mechanism, learning mechanism and bias mechanism are analyzed through agent-based financial market model. An XCS classifier system is used to model trader learning mechanism. A trader model is proposed to formulate a trader decision model that combines bias mechanisms with learning mechanisms. The results reveal that biased traders survive under evolving markets and affect price dynamics. The model contributes to understanding the market behavior and potential sources of deviation from efficient market equilibrium.