Front Cover -- Handbook of Computational Economics -- Copyright -- Contents -- Contributors -- Introduction to the Series -- Introduction to the Handbook of Computational Economics, Volume 4, Heterogeneous Agent Modeling -- 1 Introduction -- 2 Macroeconomics -- 3 Finance -- 4 Experiments -- 5...

"In conventional stochastic simulation algorithms, Monte Carlo integration and curve fitting are merged together and implemented by means of regression. We perform a decomposition of the solution error and show that regression does a good job in curve fitting but a poor job in integration, which...

In conventional stochastic simulation algorithms, Monte Carlo integration and curve fitting are merged together and implemented by means of regression. We perform a decomposition of the solution error and show that regression does a good job in curve fitting but a poor job in integration, which...

We introduce a technique called "precomputation of integrals" that makes it possible to compute conditional expectations in dynamic stochastic models in the initial stage of the solution procedure. This technique can be applied to any set of equations that contains conditional expectations, in...