Market participant estimation by using artificial market

Abstract

In designing a realistic artificial market, one of the most important points to consider is the combination of agents used. In this study, we propose an estimation method based on inverse simulation to estimate the combinations of traders who participate in the market. The proposed method applies a simulation that estimates market paricipation in different markets. The simulation results indicate that the proposed method is capable of estimating market participants. © 2010 Springer-Verlag Berlin Heidelberg.