政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/82678

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | Items with full text/Total items : 109952/140887 (78%)
Visitors : 46287962 Online Users : 720

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer

政大機構典藏 > 社會科學學院 > 經濟學系 > 專書/專書篇章 > Item 140.119/82678

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/82678

Title:	Spatial Modeling of Agent-based Prediction Markets: Role of Individuals
Authors:	陳樹衡;Chie, Bin-Tzong Chen, Shu-Heng;Chie, Bin-Tzong
Contributors:	經濟系
Date:	2015-09
Issue Date:	2016-03-16 15:45:37 (UTC+8)
Abstract:	In this paper, we extend the spatial agent-based prediction market proposed by Yu and Chen at MABS 2011 into a spatial model in which agents choose their community (neighbors) by following Schelling’s proximity model. This extended model generalizes the spatial configuration of the original model and enables us to examine the validity of the Hayek hypothesis when the information distribution is determined by clusters of agents with heterogeneous identities. Specifically, we examine the role of the toleration capacity, the key parameter in the Schelling model, which generates the clusters of agents with different sizes, and the role of exploration capacity which determines how well an agent is informed about his local surroundings. We find that after taking into account market activity and price volatility, both the toleration capacity and exploration capacity have a positive effect on the prediction accuracy and enhance information polling and the information aggregation of markets. The results obtained in this agent-based simulation, therefore, add a qualification to the well-known Hayek hypothesis and point to the significance of individuals in information aggregation.
Relation:	Multi-Agent-Based Simulation XV, 197-212
Data Type:	book/chapter
DOI 連結:	http://dx.doi.org/10.1007/978-3-319-14627-0_14
DOI:	10.1007/978-3-319-14627-0_14
Appears in Collections:	[經濟學系] 專書/專書篇章

Files in This Item:

File	Description	Size	Format
197212.pdf		2725Kb	Adobe PDF2	684	View/Open

社群 sharing

著作權政策宣告 Copyright Announcement

1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.

Loading...