This paper provides an up-to-date survey of the main theoretical developments in ACD modeling and empirical studies using financial data. First, we discuss the properties of the standard ACD specification and its extensions, existing diagnostic tests, and joint models for the arrival times of...

Multi-agent, financial forecasting, neural networks, dynamical systems, market modeling, cognitive systems, econometrics. - One of the challenges of financial research is to develop models that are capable of explaining and forecasting market price movements and returns.Agent based models focus...