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In this paper we provide a prototype Multi-Agent macroeconomic system where artificial agents' behavioral rules are calibrated using human behaviors. The artificial representation of humans, i.e. "molded'' avatars, derives from a two steps process. The first step consists in performing...
Persistent link: https://www.econbiz.de/10013084355
The purpose of this work is twofold. First, we highlight the importance of the finance motive in Keynes and how it has affected the work of Augusto Graziani and Hyman Minsky. Second, we build an agent‐based model where artificial agents replicate heterogeneous financial behavior induced from...
Persistent link: https://www.econbiz.de/10014122044