This review deals with several microscopic ('agent-based') models of financial markets
which have been studied by economists and physicists over the last decade: Kim …

In this review article we present some of achievements of econophysics and sociophysics
which appear to us the most significant. We briefly explain what their roles are in building of …

This paper introduces an agent-based artificial financial market in which heterogeneous
agents trade one single asset through a realistic trading mechanism for price formation …

" Provides an excellent introduction for physicists interested in the statistical properties of
financial markets... basic financial terms such as shorts, limit orders, puts, calls, and other …

We propose a model with heterogeneous interacting traders which can explain some of the
stylized facts of stock market returns. In the model, synchronization effects, which generate …

A simple spin model is studied, motivated by the dynamics of traders in a market, where
expectation bubbles and crashes occur. The dynamics is governed by interactions, which …

A microscopic model of financial markets is considered, consisting of many interacting
agents (spins) with global coupling and discrete-time heat bath dynamics, similar to random …

This book aims to answer two questions that are fundamental to the study of agent-based
economic models: what is agent-based computational economics and why do we need …

The dynamics of a stock market with heterogeneous agents is discussed in the framework of
a recently proposed spin model for the emergence of bubbles and crashes. We relate the …

We propose a financial market model in which speculators follow a linear mix of technical
and fundamental trading rules to determine their orders. Volatility clustering arises in our …