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This paper investigates the relationship between methodological individualism (MI) and Agent-Based Simulation (ABS). We …
Persistent link: https://www.econbiz.de/10011760027
This paper investigates the relationship between methodological individualism (MI) and Agent-Based Simulation (ABS). We …
Persistent link: https://www.econbiz.de/10011761439
The meaning of Methodological Individualism has been one of the most diversified concepts and is one of the basic methodological principles of the social sciences. It indicates an orderly, repeatable and self-correcting research procedure whose object of study is individuals and their set of...
Persistent link: https://www.econbiz.de/10014114558
expounding his cognitive and social theory. The exact meaning of the supposed relationship between Gödel´s theorems, on the one … hand, and the essential proposition of Hayek´s theory of mind, on the other, remains subject to interpretation, however … character of an analogy, or a metaphor. Furthermore the anti-mechanistic interpretation of Hayek´s theory of mind is revealed as …
Persistent link: https://www.econbiz.de/10012975827
complementary rather than incompatible. Discussing the complexities of ontogeny and phylogeny in social theory, I show exactly how …
Persistent link: https://www.econbiz.de/10014165041
"Methodological individualism" (MI) was first used in English in a 1909 paper by Joseph Schumpeter. MI is often invoked as a fundamental description of the methodology both of neoclassical and Austrian economics, as well as of other approaches. However, the methodologies of those to whom the...
Persistent link: https://www.econbiz.de/10013021739
modern theory of abductive inference, providing a framework that helps clarify the logical status of simulations, and gives …
Persistent link: https://www.econbiz.de/10012734253
;agent-based simulation.quot; Firms producing a generic consumption good are endowed with X-efficiencies, which undergo mutation. Even when …
Persistent link: https://www.econbiz.de/10012719598
Comparison of macroeconomic simulation models, particularly agent-based models (ABMs), with more traditional approaches … paper aims to address this issue by developing and testing a comparison framework for macroeconomic simulation models based …
Persistent link: https://www.econbiz.de/10012018797
has been marginalized in economic theory because it doesn't fit into neoclassical models. Using agent-based simulation (in … is that it's easy to invent goods once they've become economically viable.) All results are derived from a simulation …
Persistent link: https://www.econbiz.de/10014163929