Showing 1 - 9 of 9
This study outlines the main objectives and defining characteristics of agent-based computational economics (ACE), the computational study of economies modeled as evolving systems of autonomous interacting agents. Similarities and distinctions between ACE and artificial life research are...
Persistent link: https://www.econbiz.de/10004979901
A brief overview of agent-based computational economics is given, followed by synopses of the nine contributions included in this special issue. Related work can be accessed at http://www.econ.iastate.edu/tesfatsi/ace.htm
Persistent link: https://www.econbiz.de/10004979926
Agent-based computational economics (ACE) is roughly defined as the computational study of economies modeled as evolving decentralized systems of autonomous interacting agents. A key focus of ACE research is understanding how global regularities arise from the bottom up, through the repeated...
Persistent link: https://www.econbiz.de/10004979928
A brief overview of agent-based computational economics (ACE) is given, followed by a synopsis of the articles included in this special issue on ACE and in a companion special issue on ACE scheduled to appear in Computational Economics.
Persistent link: https://www.econbiz.de/10005125395
An overview of recent work in agent-based computational economics (ACE) is provided, with a stress on the research areas highlighted in the National Academy of Sciences Sackler Colloquium held at the Beckman Center, Irvine, California, in October 2001. Extensive annotated pointers to ACE...
Persistent link: https://www.econbiz.de/10004997730
This essay is an invited comment on Philip Mirowski's essay titled "Markets Come to Bits: Evolution, Computation, and Markomata in Economic Science," also to appear in JEBO. In his usual brilliant and provocative style, Mirowski argues for a constructive approach to economic modeling centered on...
Persistent link: https://www.econbiz.de/10004997744
Agent-based computational economics (ACE) is the computational study of economies modeled as dynamic systems of interacting agents. Thus, ACE is a specialization to economics of the basic complex adaptive systems paradigm. This paper outlines the main objectives and defining characteristics of...
Persistent link: https://www.econbiz.de/10004997754
A brief overview of agent-based computational economics (ACE) is given, followed by synopses of the articles included in this special ACE issue.
Persistent link: https://www.econbiz.de/10005433202
This study discusses the potential applicability of Agent-based Computational Economics (ACE) for macroeconomic modeling, with a particular stress on the following three issues: (1) taxonomy - what types of agents for macroeconomic models?; (2) scale robustness - how many agents for...
Persistent link: https://www.econbiz.de/10004993636