Re: [Swarm-Modelling] [Fwd: Re: [ABMs in finance]

[Russell Standish]

Whilst I sympathetic to your POV, I vaguely recall that Trond Andresen
was able to show this via a systems engineering model - see Andresen
(1999), Complexity International vol 6: 

  http://journal-ci.csse.monash.edu.au/ci/vol06/andresen/

The point of this model is that it is extremely simple - definitely
not agent based, but certainly nonlinear.

Cheers

On Thu, Apr 27, 2006 at 12:43:52AM +0200, Pietro Terna wrote:
> 
>         May be I'm too radical, but theory or data mining don't show 
> that simple random behaving agents, if acting in a time sequence, 
> tick per tick, produce bubbles or crasches.
> 
>         We can show the emergence only via simulation (agent based).
> 
>         Pietro   
> 
> _______________________________________________
> Modelling mailing list
> address@hidden
> http://www.swarm.org/mailman/listinfo/modelling

-- 
----------------------------------------------------------------------------
A/Prof Russell Standish                  Phone 8308 3119 (mobile)
Mathematics                                    0425 253119 (")
UNSW SYDNEY 2052                         address@hidden             
Australia                                http://parallel.hpc.unsw.edu.au/rks
            International prefix  +612, Interstate prefix 02
----------------------------------------------------------------------------