Heterarcical market: Dynamical interplay between time and space in the continuous interaction in a market model

Kazuto Sasai*, Yukio Pegio Gunji, Tetsuo Kinoshita

*この研究の対応する著者

研究成果: Conference contribution

抄録

Multi-agent models of robust open systems such as natural systems are the important theme in the literature of systems science. Heterarchy, which means dynamical hierarchy, is a structural model, which includes the dynamical interplay between different levels. However, it is not easy to build a formal model of a heterarchical system because the interplay between different levels lead a self-referential paradox. In this paper, we propose an continuous double auction model, which includes a formal model of conitnuous transaction. We encode the model into a restriction rule of the order submittion. The proposed model shows a critical behavior of the actual markets, and it can have the relationship with the behaviors of natural systems.

本文言語English
ホスト出版物のタイトルInternational Conference of Numerical Analysis and Applied Mathematics, ICNAAM 2016
編集者Theodore E. Simos, Theodore E. Simos, Charalambos Tsitouras
出版社American Institute of Physics Inc.
ISBN(電子版)9780735415386
DOI
出版ステータスPublished - 2017 7 21
イベントInternational Conference of Numerical Analysis and Applied Mathematics 2016, ICNAAM 2016 - Rhodes, Greece
継続期間: 2016 9 192016 9 25

出版物シリーズ

名前AIP Conference Proceedings
1863
ISSN(印刷版)0094-243X
ISSN(電子版)1551-7616

Other

OtherInternational Conference of Numerical Analysis and Applied Mathematics 2016, ICNAAM 2016
国/地域Greece
CityRhodes
Period16/9/1916/9/25

ASJC Scopus subject areas

  • 物理学および天文学(全般)

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