Aims to give a view of the scientific production in the fields of Agent-based Computational Economics, mainly in Market Finance and Game Theory. Based on communications given at AE'2005 (Lille, USTL, France), this book offers a panorama of advances in ACE, both theoretical and methodological...

Randomness and regularities in finance are usually treated in probabilistic terms. In this paper, we develop a different approach in using a non-probabilistic framework based on the algorithmic information theory initially developed by Kolmogorov (1965). We develop a generic method to estimate...

This paper proposes a pragmatic, discrete time indicator to gauge the performance of portfolios over time. Integrating the shortage function (Luenberger, 1995) into a Luenberger portfolio productivity indicator (Chambers, 2002), this study estimates the changes in the relative positions of...