Event study method for validating agent-based trading simulations

• Main Author: CHENG, Shih-Fen
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2010
• Subjects: analytical models; biological system modeling; computational modeling; economics; humans; numerical models; security; Artificial Intelligence and Robotics; Business; Operations Research, Systems Engineering and Industrial Engineering
• Online Access: https://ink.library.smu.edu.sg/sis_research/1563; https://ink.library.smu.edu.sg/context/sis_research/article/2562/viewcontent/validate_iat10_short.pdf
• Institution: Singapore Management University

In this paper, we introduce how one can validate an event-centric trading simulation platform that is built with multi-agent technology. The issue of validation is extremely important for agent-based simulations, but unfortunately, so far there is no one universal method that would work in all domai...