Note: Supplemental materials are not guaranteed with Rental or Used book purchases.
Purchase Benefits
What is included with this book?
Practice | |
How to Use the U-Mart Market Simulator | p. 3 |
The U-Mart System | p. 3 |
Let Us Start | p. 4 |
CD-ROM Setup | p. 4 |
Run and Settings | p. 4 |
Date and Session | p. 5 |
Placing Orders | p. 7 |
Various Tabs | p. 8 |
Final Settlement | p. 8 |
Quitting | p. 8 |
Let Us Trade | p. 9 |
Settings | p. 9 |
Futures Trading | p. 10 |
Placing Orders | p. 10 |
Canceling Orders | p. 10 |
Orders and Contract | p. 11 |
Market and Limit Order | p. 11 |
Guarantee System | p. 12 |
Bankruptcy | p. 14 |
Closed Trade | p. 15 |
Order Book | p. 16 |
Partial Contracts | p. 17 |
Various Information | p. 19 |
Other Textboxes | p. 19 |
Chart | p. 19 |
Order Book | p. 20 |
Contracts Information | p. 21 |
Profits | p. 21 |
Positions | p. 21 |
Stdout | p. 22 |
Pull-Down Menu | p. 22 |
How to Use the U-Mart System Network Edition | p. 23 |
Introduction | p. 23 |
Preparation | p. 23 |
Network Environment | p. 23 |
Market Server Operation Environment | p. 24 |
Client PC Requirements | p. 25 |
Market Server Installation | p. 25 |
Starting Market Server | p. 28 |
How to Start | p. 28 |
Experimental Environment Settings | p. 29 |
Trading Experiments | p. 31 |
How to Connect to the Exchange Using a Trading Terminal | p. 31 |
Market Server Functions | p. 34 |
Transaction Experiment Termination | p. 35 |
Configuration Files | p. 37 |
Time Series Configurations (j30.csv) | p. 38 |
Configuration of Experimental Conditions (TimeSeriesDefinitions.csv) | p. 39 |
Agent Settings (MembersSA.csv, MembersNet.csv, Institution.csv) | p. 40 |
Analyzing Log Files | p. 41 |
Log Analyzer | p. 41 |
How to Use Log Analyzer | p. 42 |
Display Contents | p. 43 |
Futures Market and U-Mart Experiment | p. 47 |
Introduction | p. 47 |
Futures Market | p. 47 |
Futures Market Mechanism | p. 47 |
Futures Market Functions | p. 49 |
Classification of Futures Market Participants | p. 52 |
Settlement System in Futures Market | p. 52 |
How Orders and Contracts are Taken Place | p. 57 |
Stock Index Futures Trading in Japan | p. 61 |
Nikkei Index (Nikkei 225) | p. 62 |
Nikkei Stock Index 300 (Nikkei 300) | p. 63 |
Tokyo Stock Exchange Stock Price Index (TOPIX) | p. 64 |
J30 | p. 64 |
Investing Basics | p. 65 |
Fundamental Analysis | p. 66 |
Technical Analysis | p. 68 |
Artificial Market Study and U-Mart | p. 74 |
What is an Artificial Market? | p. 74 |
Bid Type | p. 76 |
Function-Send Type | p. 77 |
Particle Type | p. 80 |
Application | |
A Case of U-Mart Experiment by Human Agents | p. 87 |
Introduction | p. 87 |
Objectives of Experiment | p. 88 |
Preparation: Learning of Futures Market and Pilot Experiment | p. 88 |
Experimental Environment | p. 89 |
Conditions for Trading | p. 89 |
Availability of Order Book | p. 90 |
Spot Price Data | p. 90 |
Results | p. 91 |
Movement in Forward Price | p. 91 |
Availability of Order Book and Execution Rate | p. 93 |
Changes in Order Volume and the Number of Orders | p. 96 |
Changes in Position | p. 97 |
Changes in Realized Profit and Loss | p. 98 |
Conclusion | p. 98 |
Statistical Analysis of U-Mart Experiments by Humans | p. 103 |
Introduction | p. 103 |
What (Conceptual) Preparation is Required? | p. 104 |
Observation and Experiment | p. 104 |
Description Statistics and Experimental Plan | p. 105 |
Experimental Plan and Reminders Assuming Statistical Processing | p. 105 |
Data Extraction with Excel | p. 107 |
Simple Statistical Analysis with Excel | p. 107 |
Somewhat Full-Fledged Statistical Analysis with SPSS | p. 108 |
Various Types of Statistical Methods Applicable to Analyze the U-Mart Experiment | p. 109 |
ANOVA (Analysis of Variance) | p. 109 |
Regression Analysis | p. 109 |
Factor Analysis | p. 110 |
Quantification Theory | p. 110 |
Details of Respective Statistical Analysis Methods | p. 110 |
Description of Analysis of Variance | p. 110 |
Description of Multi-Regression Analysis | p. 111 |
Description of Factor Analysis | p. 112 |
Description of Quantitative Theory | p. 112 |
Possibility and Meaning of the U-Mart | p. 113 |
Introduction | p. 113 |
A Short History of Economics | p. 113 |
Three Classifications of Economics | p. 114 |
Deadlock of Neoclassical Economics | p. 115 |
Necessity of a Scientific Revolution in Economics | p. 116 |
New Paradigm and New Study Approach | p. 116 |
Financial Market | p. 117 |
Day Traders as an Example | p. 118 |
Possibility of Multi-agent Model | p. 119 |
Behavioral Evolution and Micro-Macro Loop | p. 120 |
Behavior Formulation | p. 121 |
Micro-Macro Loop | p. 121 |
Beyond Methodological Individualism | p. 124 |
Review and Perspective of U-Mart Project | p. 125 |
U-Mart as Artificial Market | p. 125 |
Some Methodological Issues | p. 126 |
Success Factors of U-Mart | p. 128 |
Future Issues and Perspective | p. 130 |
Thin Market | p. 130 |
Support for Institutional Design | p. 132 |
Attached CD-ROM Composition | p. 133 |
Log Format | p. 135 |
Log Format of Market Simulator and Market Server | p. 135 |
Log Format of Trading Terminal | p. 136 |
Machine Agents Embedded in the U-Mart System | p. 137 |
Publication List | p. 149 |
Bibliography | p. 155 |
Index | p. 159 |
Table of Contents provided by Ingram. All Rights Reserved. |
The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.
The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.