List of Articles Agen based simulation

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  1 - Personality types of stock market investors and their impact on managerial decisions: a study using agent-based simulation.
  Seyed Farhad Gooran Heydari Abbas  Toloui eshlaghi Ahmad Ebrahimi Mohammad Reza Motadel
  Given the complexities of the economy and considering the influential role of financial markets on the economy, as well as the importance of the economy for the country and society, methods and tools that can effectively and efficiently assess, predict, control, and gui More

  Given the complexities of the economy and considering the influential role of financial markets on the economy, as well as the importance of the economy for the country and society, methods and tools that can effectively and efficiently assess, predict, control, and guide the market and economy in a manner accessible to policymakers such as the Ministry of Economy and Finance, Securities and Exchange Organization, Central Bank, High Council of Stock Exchange, or Ministry of Industry, will be in a special position. This effectiveness and efficiency are achieved when attention to hidden layers of system relationships such as collective human behavior, which adds to the complexity of the market and economy, is not overlooked. In the present study, by employing the capacities of agent-based simulation in a mixed-method research, human behavior is combined using quantitative and qualitative methods and simulation technology as the third method of scientific research, in addition to comparative and inductive approaches. The research is descriptive and applied, and agent-to-agent simulations of real market players in NetLogo software with modeling the market, validation using Rust and Rand tests, and sensitivity analysis using the Borgonovo approach have been conducted. The results of the study indicate a direct relationship between investors' risk tolerance and stock market returns and the overall stock market index growth. With the prediction made in the designed model, in addition to risk type, the possibility of assessing and monitoring other behavioral characteristics of investors, as well as with consideration of the definition of other factors for other active market players, the study of their behavior's impact on the overall index and other important indicators is also available. Therefore, in this study, for the first time, the influence of the behaviors of macroeconomic variables on the behavior of all players present in the stock market was modeled and simulated using agent-based simulation capacities. Manuscript profile