Kaymak, Uzay; Boer-Sorban, Boer-Sorban, K.; de Bruin, … - Erasmus Research Institute of Management (ERIM), … - 2005
Artificial stock markets are built with diffuse priors in mind regarding trading strategies and price formation mechanisms. Diffuse priors are a natural consequence of the unknown relation between the various elements that drive market dynamics and the large variety of market organizations,...
