Complex Network Minority Game Model for the Financial Market Modeling and Simulation

Chen, Lingyun

doi:10.1155/2020/8877886

Cited by 7 publications

(3 citation statements)

References 24 publications

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“…In the new era, the fast growth of information technology has led to a number of new rules and regulations. These include the financial system for colleges and universities, the accounting system for colleges and universities, the accounting standards for public institutions, and the internal control standards for administrative institutions [1][2][3]. Now, the university financial management system has not fully adapt to the development of higher education in our country, specific performance in financial, accounting, educational administration, personnel, scientific research, oyster for various modules basically not related, are independent of each other, between each module did not establish a complete communication mechanism, just solved the artificial mechanical repetition and simple management issues [4,5].…”

Section: Introductionmentioning

confidence: 99%

Design of University Financial Information System Based on Data Mining Technology and IoT

Guo¹

2022

Wireless Communications and Mobile Computing

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As China’s information construction level keeps getting better and higher education keeps getting better, new rules and regulations are being made and put into place. These new rules and regulations require colleges and universities to have comprehensive budget management, dynamic fund management, scientific forecast analysis and performance assessment, and the integration of campus cards and digital campuses. At present, the financial management concept and financial management software used by colleges and universities have been relatively lagging behind, which cannot adapt to the needs of current information and career development. Therefore, the financial information system of colleges and universities based on data mining technology is designed. The hardware part is designed with CORBA interceptor, B/S structure, and SQL converter. The software part first figures out what kind of financial information platform is needed. Then, using data mining technology, it builds a financial information model. Finally, it designs the functional module of financial information technology and builds the financial index system for colleges and universities. The results of the system tests show that the designed financial information system works well and has some use value.

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Section: Introductionmentioning

confidence: 99%

Design of University Financial Information System Based on Data Mining Technology and IoT

Guo¹

2022

Wireless Communications and Mobile Computing

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“…Various approaches have been proposed to consider price changes as a result of attendance fluctuations [ 52 , 55 , 69 ]. For future work, it may be instructive to incorporate price changes into the analysis presented here, e.g.…”

Section: Discussionmentioning

confidence: 99%

Bounded strategic reasoning explains crisis emergence in multi-agent market games

Evans

Prokopenko

2023

R. Soc. open sci.

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The efficient market hypothesis (EMH), based on rational expectations and market equilibrium, is the dominant perspective for modelling economic markets. However, the most notable critique of the EMH is the inability to model periods of out-of-equilibrium dynamics without significant external news. When such dynamics emerge endogenously, the traditional economic frameworks prove insufficient. This work offers an alternate perspective explaining the endogenous emergence of punctuated out-of-equilibrium dynamics based on bounded rational agents. In a concise market entrance game, we show how boundedly rational strategic reasoning can lead to endogenously emerging crises, exhibiting fat tails in returns. We also show how other common stylized facts, such as clustered volatility, arise due to agent diversity (or lack thereof) and the varying learning updates across the agents. This work explains various stylized facts and crisis emergence in economic markets, in the absence of any external news, based on agent interactions and bounded rational reasoning.

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“…Various approaches have been proposed to consider price changes as a result of attendance fluctuations [60,40,43]. For future work, it may be instructive to incorporate price changes into the analysis presented here, e.g., with the introduction of a market-maker.…”

Section: Discussionmentioning

confidence: 99%

Bounded strategic reasoning explains crisis emergence in multi-agent market games

Evans¹,

Prokopenko²

2022

Preprint

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The efficient market hypothesis (EMH), based on rational expectations and market equilibrium, is the dominant perspective for modelling economic markets. However, the most notable critique of the EMH is the inability to model periods of out-of-equilibrium behaviour in the absence of any significant external news. When such dynamics emerge endogenously, the traditional economic frameworks provide no explanation for such behaviour and the deviation from equilibrium. This work offers an alternate perspective explaining the endogenous emergence of punctuated out-of-equilibrium dynamics based on bounded rational agents. In a concise market entrance game, we show how boundedly rational strategic reasoning can lead to endogenously emerging crises, exhibiting fat tails in "returns". We also show how other common stylised facts of economic markets, such as clustered volatility, can be explained due to agent diversity (or lack thereof) and the varying learning updates across the agents. This work explains various stylised facts and crisis emergence in economic markets, in the absence of any external news, based purely on agent interactions and bounded rational reasoning.

show abstract

Complex Network Minority Game Model for the Financial Market Modeling and Simulation

Cited by 7 publications

References 24 publications

Design of University Financial Information System Based on Data Mining Technology and IoT

Design of University Financial Information System Based on Data Mining Technology and IoT

Bounded strategic reasoning explains crisis emergence in multi-agent market games

Bounded strategic reasoning explains crisis emergence in multi-agent market games

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