Artificial Markets Uncover Hidden Patterns Shaping Global Finance
The article discusses how financial data often shows certain patterns known as "stylized facts." Researchers use models called agent-based computational economic market models to mimic these patterns. The main aim is to understand what conditions are needed to create these patterns in the market. They list some common stylized facts seen in financial data and then introduce the concept of agent-based modeling. Through this approach, they aim to create basic blocks that can help construct these economic market models.