Artificial economics : the generative method in economics /
| Meeting name: | Artificial Economics Conference (5th : 2009 : Valladolid, Spain) |
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| Imprint: | Dordrecht ; New York : Springer, c2009. |
| Description: | 1 online resource (xxiii, 268 p.) : ill. |
| Language: | English |
| Series: | Lecture notes in economics and mathematical systems, 0075-8442 ; 631 Lecture notes in economics and mathematical systems ; v. 631. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/8891877 |
| Summary: | Simulation is used in economics to solve large econometric models, for large-scale micro simulations, and to obtain numerical solutions for policy design in top-down established models. But these applications fail to take advantage of the methods offered by artificial economics (AE) through artificial intelligence and distributed computing. AE is a bottom-up and generative approach of agent-based modelling developed to get a deeper insight into the complexity of economics. AE can be viewed as a very elegant and general class of modelling techniques that generalize numerical economics, mathematical programming and micro simulation approaches. The papers presented in this book address methodological questions and applications of AE to macroeconomics, industrial organization, information and learning, market dynamics, finance and financial markets. |
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| Item Description: | Papers accepted at the 5th Artificial Economics Conference 2009 held in Valladolid, Spain, on Sept. 10-11, 2009. |
| Physical Description: | 1 online resource (xxiii, 268 p.) : ill. |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9783642029561 3642029566 9783642029554 3642029558 |
| ISSN: | 0075-8442 ; |