Economics, Econometrics and Finance
2 years ago

Artificial futures market experiment boosts market liquidity and efficiency.

1 view
Evolutionary economics and social complexity science
Programmed Trading Agents and Market Microstructure in an Artificial Futures Market
Takashi Yamada

Paper Summary

Researchers used an artificial futures market to teach economics and computer programming. They tested trading strategies of human subjects and found that market liquidity generally improves, despite some mispricing by trading agents.

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