For an entertaining introduction to the application of Agent Based Modelling to automated trading take a good long look at this highly entertaining video.
In it Professor Dave Cliff of Bristol University discusses his Zero Intelligence Plus autonomous agents, the Flash Crash, plus a variety of other interesting topics along the way.
Reality is merely an illusion, albeit a very persistent one - Albert Einstein
Fascinating stuff. I wonder if the original open-source bits of ZIP are still available to all and sundry.
This absolutely dovetails with one of the bee's in my bonnet about how complex distributed systems are soon going to wheel outside the ambit of human comprehension, without actually becoming "intelligent".
What I mean is this:
In the begining, was the Trade. You know, barter. Or an exchange of physical, real "somethings".
Then civilization started superimposing layer upon layer of abstraction over the Trade.
Money. And Banks. Contracts, Tax, Laws. And then, Derivatives. And of course Software.
Layers which supposedly back-to-back modelled the Trade perfectly, up and down the chain.
Except of course, they don't. Not everywhere and not all the time.
And this creates discontinuities.
Which intelligent traders might exploit. If they can spot the disjunctions and are bright enough to take advantage.
And so, programmers shall inherit the earth. For a while. Until they can no longer chart the complexity of their own creations.
Last edited by pkotak; 09-06-2011 at 05:28 AM.
Like a long-legged fly upon the stream, His mind moves upon silence. - W.B. Yates
Hi Prashant,
According to http://eprints.ecs.soton.ac.uk/14078...full_final.pdf
which leads here.In the interests of scientific openness and ease of replicability, the C source-code that was
used to generate the results in this paper has been published as a technical report freely
available on the web.
Surely only meek programmers shall inherit the earth?
Cheers,
Jim
Reality is merely an illusion, albeit a very persistent one - Albert Einstein
Yes, I'm of the opinion that Matthew actually mis-heard the sermon on that occasion, because he didn't have his hearing aid in.
What was actually said was: "Blessed are the Geek, for they shall inherit the earth.
Impressively precient, but then, you would expect nothing less from the son of God.
Thanks for the links, Jim.
Regards
Prashant
PS the first link is a 404
Last edited by pkotak; 09-06-2011 at 07:30 PM.
Like a long-legged fly upon the stream, His mind moves upon silence. - W.B. Yates
Errant colon now removed!Originally Posted by pkotak
Reality is merely an illusion, albeit a very persistent one - Albert Einstein
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