Yuhsuke Koyama

Yutaka Nakai

Takao Terano

Agent-based modeling/simulation is an emergent approach to the analysis of social and economic systems. It provides a bottom-up experimental method to be applied to social sciences such as economics, management, sociology and politics as well as some engineering fields dealing with social activities. This book includes selected papers presented at the Eighth International Workshop on Agent-Based Approaches in Economic and Social Complex Systems held in Tokyo, Japan, in 2013. At the workshop, 23 reviewed full papers were presented and of those, 13 were selected to be included in this volume.

Post-Proceedings of The AESCS International Workshop 2013

Agent-Based Approaches in Economic and Social Complex Systems VIII

Yoshinori Shiozawa

Kazuhisa Taniguchi

Yoshihiro Nakajima

Hiroyuki Matsui

Fumihiko Hashimoto

Economics went through great development in the 20th century. This development, which was based mainly on mathematical methods, is not an appropriate method of analyzing markets that change every hour and every day. In a stock market, prices constantly change depending on speculation. U-Mart, a manmade market, has been proposed in order to study such instantly moving markets. Although the U-Mart system is internationally acclaimed for being at the forefront of market research, its use is by no means limited to a small number of researchers on the fringe. The whole system, including its source code, is open and is distributed without charge, testifying to a philosophy of creating and providing a common test bed for research into financial markets.

Artificial Market Experiments with the U-Mart System

Yuhsuke Koyama

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