Economics as an Agent-Based Complex System

economics as an agent-based complex system

more information about Economics as an Agent-Based Complex System

Economics as an Agent-Based Complex System

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Book Description

In agent-based modeling the focus is very much on agent-based simulation, as simulation is a very important tool for agent-based modeling. We also use agent-based simulation in this book with a stress on the mathematical foundation of agent-based modeling. We introduce two original mathematical frameworks, a theory of SLD (Social Learning Dynamics) and an axiomatic theory of economic exchange (Exchange Algebra) among agents. Exchange algebra gives bottom-up reconstruction of SNA (System of National Accountings). SLD provides the concept of indirect control of socio-economic systems to manage structural change and its stability. We also compare agent-based simulation with gaming simulation and investigate the epistemological foundation of agent-based modeling.

Economics as an Agent-Based Complex System,H. Deguchi,Hiroshi Deguchi,Springer,4431209859,Business/Economics,Electronics - General,Engineering - General,Mathematics,Physics,Reference,Science/Mathematics,Technology,Technology & Industrial Arts,Economic theory & philosophy,Mathematical modelling,Technology / Electronics / General

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