دورية أكاديمية
Building the model of artificial stock market based on JASA.
| العنوان: | Building the model of artificial stock market based on JASA. |
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| المؤلفون: | Wei, Kang, Cai-hong, Sun |
| المصدر: | Procedia Engineering; Mar2012, Vol. 23, p835-841, 7p |
| مستخلص: | Abstract: This paper introduces the major function, system framework, running mechanism and core modules of JASA, an open source auction simulator software. Then it builds a new multi-agent artificial stock market modeling platform, named JASA+ by extending, improving JASA, and adding stock market normal quotas, price limits, stock traders, bid-ask strategies and graphic reports. It studies the effects of price limits on stock market via JASA+ platform. The experimental results demonstrate that with in some extent the price limit policy could improve the market efficiency and return, and reduce the bid-ask spread. JASA+ can simulate true stock market preferably, being different from SFI-ASM, a traditional research tool. JASA+ gives researchers a new thought and method in finance markets. [Copyright &y& Elsevier] |
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| قاعدة البيانات: | Supplemental Index |
Full Text Finder | تدمد: | 18777058 |
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| DOI: | 10.1016/j.proeng.2011.11.2590 |