マーケットで発生する「意図せざる結果」と捉えられる資産価格の急変動についての一考察

抄録

The purpose of this research is to discuss unexpected fluctuations such as "unintended consequences" in markets. "Unintended consequences" are illustrated as phenomena based on mutual-interaction between the macro and micro level, known as macro-micro linkage. In general, macro and micro views are analyzed separately in social science. I am interested in the results of feedback loops in social phenomena. I am focusing on "emergence" especially transilient types from mutual-interaction between traders (agent) and markets (system) through actions.