Agent-based modeling - What I learned from the artificial stock market

The Santa Fe Artificial Stock Market (ASM) is a well-known agent-based model. Anew revision of the code (ASM-2.2) is now available. This article describes some of the changes that were made in the code base and also presents some important lessons for agent-based modelers that can be illustrated with the code. Because the code is available on the Internet, it is hoped that this discussion and the code base it represents will be helpful to people who are planning projects in the field of agent-based modeling.