Emergence in agents with different internal time frames

Abstract

There has been much research on the "stylized facts", or universal statistical properties, of speculative markets. In this research we propose an agent model which satisfies many of the "stylized facts". Our aim is to analyze the effects of each parameter in the agent model in order to understand its effect in the emergent behavior of speculative markets. For this paper we discuss the effect of allowing agents to have different internal time frames.