Intermittent Chaotic Structure in the Positive Feedback Model of Trading Agents

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

We explore the economic system by using an agent-based model that exhibits various emergent features in computer simulations. Two types of patterns are found in the time variation of the average price, one of which behaves like the intermittent chaos and eventually leads to a perfectly periodic motion. Moreover, it has been observed in this case that agents naturally form cooperation. We examine those two types of patterns by means of time series analysis as well as statistical analysis and conclude that those two types indeed have different properties. We also found that the two patterns correspond to two solid regions in the parameter space separated by a linear boundary.

Original languageEnglish
Title of host publicationProceedings of the Fifth Joint Conference on Information Sciences, JCIS 2000, Volume 2
EditorsP.P. Wang, P.P. Wang
Pages965-967
Number of pages3
Edition2
Publication statusPublished - 1 Dec 2000
EventProceedings of the Fifth Joint Conference on Information Sciences, JCIS 2000 - Atlantic City, NJ, United States
Duration: 27 Feb 20003 Mar 2000

Publication series

NameProceedings of the Joint Conference on Information Sciences
Number2
Volume5

Conference

ConferenceProceedings of the Fifth Joint Conference on Information Sciences, JCIS 2000
CountryUnited States
CityAtlantic City, NJ
Period27/02/003/03/00

    Fingerprint

Cite this

Tanaka-Yamawaki, M. (2000). Intermittent Chaotic Structure in the Positive Feedback Model of Trading Agents. In P. P. Wang, & P. P. Wang (Eds.), Proceedings of the Fifth Joint Conference on Information Sciences, JCIS 2000, Volume 2 (2 ed., pp. 965-967). (Proceedings of the Joint Conference on Information Sciences; Vol. 5, No. 2).