Artificial Markets under a Complexity Perspective

Number: 
510
Published: 
Classification JEL: 
G1, G12, G39
Keywords: 
Human capital agglomeration, Social returns, Private returns, Externalities, Uncertainty, Fiscal policy

The focus of this study is to build, from the "bottom-up", a market with artificially intelligent adaptive agents based on the institutional arrangement of the Colombian Foreign Exchange Market (1994-1999) in order to determine simple agents' design, rule