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This essay discusses the potential relevance of artificial life research for the study of economic processes.
Persistent link: https://www.econbiz.de/10005441992
This study provides a basic introduction to agent-based modeling (ABM) as a powerful blend of classical and constructive mathematics, with a primary focus on its applicability for social science research.  The typical goals of ABM social science researchers are discussed along with the...
Persistent link: https://www.econbiz.de/10008460848
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
The entry describes the basic agent-based computational economics methodology and provides a brief review of the literature.
Persistent link: https://www.econbiz.de/10008500470
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
Agent-based Computational Economics (ACE) is the computational study of economic processes modeled as dynamic systems of interacting agents. This essay discusses the potential use of ACE modeling tools for the study of macroeconomic systems. Points are illustrated using an ACE model of a...
Persistent link: https://www.econbiz.de/10004979908
This handbook comprises 16 chapters surveying agent-based computational economics research, 6 shorter essays providing personal perspectives, and a "getting started" guide for newcomers to agent-based modeling in the social sciences. Research topics covered include: learning representations for...
Persistent link: https://www.econbiz.de/10004979916
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