Lye, Ribin; Tan, James Peng Lung; Cheong, Siew Ann - In: Physica A: Statistical Mechanics and its Applications 391 (2012) 22, pp. 5521-5531
We describe a bottom–up framework, based on the identification of appropriate order parameters and determination of phase diagrams, for understanding progressively refined agent-based models and simulations of financial markets. We illustrate this framework by starting with a deterministic toy...