Testing-Allocative-Efficiency-of-ZeroIntelligence-Traders
An agent-based model developed to test the claims of Cliff et al. in the 1997 paper titled 'Zero is Not Enough: On The Lower Limit of Agent Intelligence For Continuous Double Auction Markets' against Gode and Sunders' 1993 paper 'Allocative Efficiency of Markets with Zero-Intelligence Traders: Market as a Partial Substitute for Individual Rationality'. This research aims at clarifying some doubts emerging from Cliff et al. in their analysis of "extreme" demand conditions. This project was developed as a final assignment for the Simulation&Modelling course at Bocconi University in 2019.
