{ "item_title" : "Agent-Based Simulation in Finance", "item_author" : [" Jason Thomas Wilmans "], "item_description" : "Mutli-agent based simulation models allow for the research of economic questions differently than before. This thesis builds a multi-agent based simulation model of the U.S. financial market, to examine the behavior of banks within it. Although the focus is on the credit market, a sub-goal is to build a complete model of the market. This is due to the observation, that in the 2007 financial crisis, seemingly small adjustments in one market of the U.S. led to a world-wide shock to the financial system. While designing, some existing ACE-models are adapted as well as new ones incorporated. The simulation model includes ideas for models of banks, hedge funds, the Federal Reserve System, a stock trading simulation, an information market and federal, as well as corporate and private household, credit customers.", "item_img_path" : "https://covers4.booksamillion.com/covers/bam/3/63/949/113/3639491130_b.jpg", "price_data" : { "retail_price" : "38.77", "online_price" : "38.77", "our_price" : "38.77", "club_price" : "38.77", "savings_pct" : "0", "savings_amt" : "0.00", "club_savings_pct" : "0", "club_savings_amt" : "0.00", "discount_pct" : "10", "store_price" : "" } }

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