Kaymak, Uzay; Boer-Sorban, K.; Spiering, J. - Erasmus Research Institute of Management (ERIM), ERIM … - 2006
Most agent-based simulation models of financial markets are discrete-time in nature. In this paper, we investigate to … what degree such models are extensible to continuous-time, asynchronous modelling of financial markets. We study the … continuous-time, asynchronous models, which can be acted upon by the agents in such models. Since most financial markets are …