Title :
Competition Dynamics in a Virtual Fund Management System: The Tour de Finance
Author :
Dougal, Casey ; Merriman, David ; Humpherys, Jeffery ; Warnick, Sean
Author_Institution :
Brigham Young Univ., Provo
Abstract :
This research explores the development of a virtual fund management system to benchmark investment controllers as algorithmic decision processes on live market data. While similar paper-trading competitions exist, the Tour de Finance system is unique in its use of a particular class of dynamical systems as a dynamic rating mechanism to help ensure that the system is fair and rewards real intelligence over dumb luck. A link is provided for those wishing to participate in the Tour by designing controllers to interact with the system as autonomous agents, each managing its own virtual fund.
Keywords :
financial management; investment; marketing data processing; virtual enterprises; Tour de Finance; competition dynamics; investment controllers; market data; virtual fund management system; Cities and towns; Conference management; Control systems; Finance; Financial management; Instruments; Investments; Research and development management; Stock markets; Uncertainty;
Conference_Titel :
American Control Conference, 2007. ACC '07
Conference_Location :
New York, NY
Print_ISBN :
1-4244-0988-8
Electronic_ISBN :
0743-1619
DOI :
10.1109/ACC.2007.4283117