{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,4,23]],"date-time":"2026-04-23T16:46:20Z","timestamp":1776962780775,"version":"3.51.4"},"publisher-location":"Cham","reference-count":16,"publisher":"Springer Nature Switzerland","isbn-type":[{"value":"9783032135612","type":"print"},{"value":"9783032135629","type":"electronic"}],"license":[{"start":{"date-parts":[[2025,12,15]],"date-time":"2025-12-15T00:00:00Z","timestamp":1765756800000},"content-version":"tdm","delay-in-days":0,"URL":"https:\/\/www.springernature.com\/gp\/researchers\/text-and-data-mining"},{"start":{"date-parts":[[2025,12,15]],"date-time":"2025-12-15T00:00:00Z","timestamp":1765756800000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/www.springernature.com\/gp\/researchers\/text-and-data-mining"}],"content-domain":{"domain":["link.springer.com"],"crossmark-restriction":false},"short-container-title":[],"published-print":{"date-parts":[[2026]]},"DOI":"10.1007\/978-3-032-13562-9_2","type":"book-chapter","created":{"date-parts":[[2025,12,14]],"date-time":"2025-12-14T11:00:56Z","timestamp":1765710056000},"page":"20-28","update-policy":"https:\/\/doi.org\/10.1007\/springer_crossmark_policy","source":"Crossref","is-referenced-by-count":1,"title":["Agent-Based Simulation of\u00a0a\u00a0Financial Market with\u00a0Large Language Models"],"prefix":"10.1007","author":[{"ORCID":"https:\/\/orcid.org\/0009-0008-0042-1477","authenticated-orcid":false,"given":"Ryuji","family":"Hashimoto","sequence":"first","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"ORCID":"https:\/\/orcid.org\/0009-0000-6467-8222","authenticated-orcid":false,"given":"Takehiro","family":"Takayanagi","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"ORCID":"https:\/\/orcid.org\/0000-0001-8519-5617","authenticated-orcid":false,"given":"Masahiro","family":"Suzuki","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]},{"ORCID":"https:\/\/orcid.org\/0000-0003-0870-7310","authenticated-orcid":false,"given":"Kiyoshi","family":"Izumi","sequence":"additional","affiliation":[],"role":[{"role":"author","vocabulary":"crossref"}]}],"member":"297","published-online":{"date-parts":[[2025,12,15]]},"reference":[{"issue":"6275","key":"2_CR1","doi-asserted-by":"publisher","first-page":"818","DOI":"10.1126\/science.aad0299","volume":"351","author":"S Battiston","year":"2016","unstructured":"Battiston, S.: Complexity theory and financial regulation. Science 351(6275), 818\u2013819 (2016). https:\/\/doi.org\/10.1126\/science.aad0299","journal-title":"Science"},{"key":"2_CR2","doi-asserted-by":"crossref","unstructured":"Bihari, A., Dash, M., Kar, S.K., Muduli, K., K, A.K., Luthra, S.: Exploring behavioural bias affecting investment decision-making: a network cluster based conceptual analysis for future research. Int. J. Ind. Eng. Oper. Manag. (2022)","DOI":"10.1108\/IJIEOM-08-2022-0033"},{"issue":"5","key":"2_CR3","doi-asserted-by":"publisher","first-page":"346","DOI":"10.1088\/1469-7688\/2\/5\/303","volume":"2","author":"C Chiarella","year":"2002","unstructured":"Chiarella, C., Iori, G.: A simulation analysis of the microstructure of double auction markets. Quant. Finan. 2(5), 346\u2013353 (2002). https:\/\/doi.org\/10.1088\/1469-7688\/2\/5\/303","journal-title":"Quant. Finan."},{"issue":"3","key":"2_CR4","doi-asserted-by":"publisher","first-page":"525","DOI":"10.1016\/j.jedc.2008.08.001","volume":"33","author":"C Chiarella","year":"2009","unstructured":"Chiarella, C., Iori, G., Josep, P.: The impact of heterogeneous trading rules on the limit order book and order flows. J. Econ. Dyn. Control 33(3), 525\u2013537 (2009). https:\/\/doi.org\/10.1016\/j.jedc.2008.08.001","journal-title":"J. Econ. Dyn. Control"},{"key":"2_CR5","doi-asserted-by":"publisher","unstructured":"de Castro, P.A.L., Barreto Teodoro, A.R., de Castro, L.I., Parsons, S.: Expected utility or prospect theory: which better fits agent-based modeling of markets? J. Comput. Sci. 17, 97\u2013102 (2016). https:\/\/doi.org\/10.1016\/j.jocs.2016.10.002","DOI":"10.1016\/j.jocs.2016.10.002"},{"key":"2_CR6","doi-asserted-by":"publisher","unstructured":"Farmer, J.D., Foley, D.: The economy needs agent-based modeling. Nature 460, 685\u2013686 (2009).https:\/\/doi.org\/10.1038\/460685a","DOI":"10.1038\/460685a"},{"key":"2_CR7","doi-asserted-by":"publisher","unstructured":"Gao, K., Vytelingum, P., Weston, S., Luk, W., Guo, C.: High-frequency financial market simulation and flash crash scenarios analysis: an agent-based modelling approach. J. Artif. Soc. Soc. Simul. 27(2) (2024). https:\/\/doi.org\/10.18564\/jasss.5403","DOI":"10.18564\/jasss.5403"},{"key":"2_CR8","unstructured":"Japan Exchange Group: Historical data (2025). https:\/\/www.jpx.co.jp\/english\/markets\/paid-info-equities\/historical\/01.html"},{"key":"2_CR9","doi-asserted-by":"publisher","unstructured":"Li, B., Shang, W., Li, H., Huo, L., Xu, S.: Disposition effect in an agent-based financial market model. Procedia Comput. Sci. 31, 680\u2013690 (2014). https:\/\/doi.org\/10.1016\/j.procs.2014.05.316","DOI":"10.1016\/j.procs.2014.05.316"},{"issue":"2","key":"2_CR10","doi-asserted-by":"publisher","first-page":"401","DOI":"10.1016\/j.jfineco.2011.04.003","volume":"104","author":"J Li","year":"2012","unstructured":"Li, J., Yu, J.: Investor attention, psychological anchors, and stock return predictability. J. Finan. Econ. 104(2), 401\u2013419 (2012). https:\/\/doi.org\/10.1016\/j.jfineco.2011.04.003","journal-title":"J. Finan. Econ."},{"key":"2_CR11","doi-asserted-by":"publisher","first-page":"147","DOI":"10.1007\/s11403-018-0219-6","volume":"14","author":"J Polach","year":"2019","unstructured":"Polach, J., Kukacha, J.: Prospect theory in the heterogeneous agent model. J. Econ. Interac. Coord. 14, 147\u2013174 (2019). https:\/\/doi.org\/10.1007\/s11403-018-0219-6","journal-title":"J. Econ. Interac. Coord."},{"issue":"1","key":"2_CR12","doi-asserted-by":"publisher","first-page":"319","DOI":"10.1016\/S0378-4371(01)00312-0","volume":"299","author":"M Raberto","year":"2001","unstructured":"Raberto, M., Cincotti, S., Focardi, S.M., Marchesi, M.: Agent-based simulation of a financial market. Physica A: Stat. Mech. Appl. 299(1), 319\u2013327 (2001). https:\/\/doi.org\/10.1016\/S0378-4371(01)00312-0","journal-title":"Physica A: Stat. Mech. Appl."},{"key":"2_CR13","doi-asserted-by":"publisher","unstructured":"Sathya, N., Gayathiri, R.: Behavioral biases in investment decisions: an extensive literature review and pathways for future research. J. Inf. Organ. Sci. 48(1) (2024). https:\/\/doi.org\/10.31341\/jios.48.1.6","DOI":"10.31341\/jios.48.1.6"},{"key":"2_CR14","volume-title":"Administrative Behavior: A Study of Decision-Making Processes in Administrative Organization","author":"HA Simon","year":"1997","unstructured":"Simon, H.A.: Administrative Behavior: A Study of Decision-Making Processes in Administrative Organization, 4th edn. Free Press, New York (1997)","edition":"4"},{"key":"2_CR15","doi-asserted-by":"publisher","unstructured":"Wang, Y.: Behavioral biases in investment decision-making. Adv. Econ. Manag. Polit. Sci. 46, 140\u2013146 (2023). https:\/\/doi.org\/10.54254\/2754-1169\/46\/20230330","DOI":"10.54254\/2754-1169\/46\/20230330"},{"issue":"1","key":"2_CR16","first-page":"119","volume":"4","author":"L Yang","year":"2019","unstructured":"Yang, L.: Loss aversion in financial markets. J. Mech. Inst. Des. 4(1), 119\u2013137 (2019)","journal-title":"J. Mech. Inst. Des."}],"container-title":["Lecture Notes in Computer Science","PRIMA 2025: Principles and Practice of Multi-Agent Systems"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/link.springer.com\/content\/pdf\/10.1007\/978-3-032-13562-9_2","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2025,12,14]],"date-time":"2025-12-14T11:00:57Z","timestamp":1765710057000},"score":1,"resource":{"primary":{"URL":"https:\/\/link.springer.com\/10.1007\/978-3-032-13562-9_2"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2025,12,15]]},"ISBN":["9783032135612","9783032135629"],"references-count":16,"URL":"https:\/\/doi.org\/10.1007\/978-3-032-13562-9_2","relation":{},"ISSN":["0302-9743","1611-3349"],"issn-type":[{"value":"0302-9743","type":"print"},{"value":"1611-3349","type":"electronic"}],"subject":[],"published":{"date-parts":[[2025,12,15]]},"assertion":[{"value":"15 December 2025","order":1,"name":"first_online","label":"First Online","group":{"name":"ChapterHistory","label":"Chapter History"}},{"value":"PRIMA","order":1,"name":"conference_acronym","label":"Conference Acronym","group":{"name":"ConferenceInfo","label":"Conference Information"}},{"value":"International Conference on Principles and Practice of Multi-Agent Systems","order":2,"name":"conference_name","label":"Conference Name","group":{"name":"ConferenceInfo","label":"Conference Information"}},{"value":"Modena","order":3,"name":"conference_city","label":"Conference City","group":{"name":"ConferenceInfo","label":"Conference Information"}},{"value":"Italy","order":4,"name":"conference_country","label":"Conference Country","group":{"name":"ConferenceInfo","label":"Conference Information"}},{"value":"2025","order":5,"name":"conference_year","label":"Conference Year","group":{"name":"ConferenceInfo","label":"Conference Information"}},{"value":"15 December 2025","order":7,"name":"conference_start_date","label":"Conference Start Date","group":{"name":"ConferenceInfo","label":"Conference Information"}},{"value":"18 December 2025","order":8,"name":"conference_end_date","label":"Conference End Date","group":{"name":"ConferenceInfo","label":"Conference Information"}},{"value":"26","order":9,"name":"conference_number","label":"Conference Number","group":{"name":"ConferenceInfo","label":"Conference Information"}},{"value":"prima2025","order":10,"name":"conference_id","label":"Conference ID","group":{"name":"ConferenceInfo","label":"Conference Information"}},{"value":"https:\/\/conferences-website.github.io\/prima2025\/","order":11,"name":"conference_url","label":"Conference URL","group":{"name":"ConferenceInfo","label":"Conference Information"}}]}}