Agent-based Models - A ToolkitPaperback
Agent-based Models - A ToolkitPaperback In contrast to mainstream economics, complexity theory conceives the economy as a complex system of heterogeneous interacting agents characterised by limited…
Specifikacia Agent-based Models - A ToolkitPaperback
Agent-based Models - A ToolkitPaperback
In contrast to mainstream economics, complexity theory conceives the economy as a complex system of heterogeneous interacting agents characterised by limited information and bounded rationality. Aimed at students and scholars of contemporary economics, this book includes a comprehensive toolkit for agent-based computational economics, now quickly becoming the new way to study evolving economic systems. Agent Based Models (ABMs) are the analytical and computational tools developed by the proponents of this emerging methodology.
The essays discuss the methodological bases of agent-based approaches and demonstrate step-by-step how to build, simulate and analyse ABMs and how to validate their outputs empirically using the Leading scholars in the field explain how ABMs can be applied fruitfully to many real-world economic examples and represent a great advancement over mainstream approaches.