Decomposing Financial Market Dynamics via Mechanism Analysis in an Evolutionary Multi-Agent Simulation

arXiv·low signal

Evolutionary agent-based markets couple several mechanisms — who reproduces, how price forms, how biased agents are, and how consensus propagates; this paper decomposes which mechanisms drive emergent market dynamics. For builders of multi-agent simulations generally, the mechanism-isolation methodology is a template for attributing emergent behavior to specific design choices.