Agent based models take into account limited rational behaviour of individuals acting on financial markets. Explicit simulation of this behaviour and the resulting interaction of individuals provide a description of aggregate financial market time series. At least for some parameter settings,...

Applied cryptography and network security could bring a new commerce architecture for valuable but uncertain digital objects in an open network. This paper models the digital objects as security token, which is abbreviated into a word coinage setok. Each setok has its price, values, and...