Search Results - subject:"agent based modeling"

Chapter 32 Out-of-Equilibrium Economics and Agent-Based Modeling

Arthur, W. Brian - In: Handbook of computational economics : volume 2, …, (pp. 1551-1564). 2006

Standard neoclassical economics asks what agents' actions, strategies, or expectations are in equilibrium with (consistent with) the outcome or pattern these behaviors aggregatively create. Agent-based computational economics enables us to ask a wider question: how agents' actions, strategies,...

Persistent link: https://www.econbiz.de/10014024373

Chapter 31 Computational Laboratories for Spatial Agent-Based Models

Dibble, Catherine - In: Handbook of computational economics : volume 2, …, (pp. 1511-1548). 2006

computational laboratories for spatial agent-based modeling. Speaking broadly, a computational laboratory is any computational … tools to support the full range of agent-based modeling and complementary tasks. These tasks include model development …

Persistent link: https://www.econbiz.de/10014024374

Chapter 30 Governing Social-Ecological Systems

Janssen, Marco A.; Ostrom, Elinor - In: Handbook of computational economics : volume 2, …, (pp. 1465-1509). 2006

the contributions of agent-based modeling to these challenges for theoretical studies, studies which combines models with …-random interactions of agents, incomplete understanding, and empirically based models of behavior in collective action. Although agent-based … modeling for social-ecological systems is in its infancy, it addresses the above features explicitly and is therefore …

Persistent link: https://www.econbiz.de/10014024375

Chapter 29 Computational Methods and Models of Politics

Kollman, Ken; Page, Scott E. - In: Handbook of computational economics : volume 2, …, (pp. 1433-1463). 2006

In this chapter, we assess recent contributions of computational models to the study of politics. We focus primarily on agent-based models developed by economists and political scientists. These models address collective action problems, questions related to institutional design and performance,...

Persistent link: https://www.econbiz.de/10014024376

Chapter 28 Automated Markets and Trading Agents

MacKie-Mason, Jeffrey K.; Wellman, Michael P. - In: Handbook of computational economics : volume 2, …, (pp. 1381-1431). 2006

variety of market scenarios. An empirical game-theoretic methodology combines the advantages of simulation, agent-based … modeling, and statistical and game-theoretic analysis. …

Persistent link: https://www.econbiz.de/10014024377

Chapter 27 Market Design Using Agent-Based Models

Marks, Robert - In: Handbook of computational economics : volume 2, …, (pp. 1339-1380). 2006

This chapter explores the state of the emerging practice of designing markets by the use of agent-based modeling, with …

Persistent link: https://www.econbiz.de/10014024378

Chapter 26 Agent-Based Models of Organizations

Chang, Myong-Hun; Harrington, Joseph E. - In: Handbook of computational economics : volume 2, …, (pp. 1273-1337). 2006

The agent-based approach views an organization as a collection of agents, interacting with one another in their pursuit of assigned tasks. The performance of an organization in this framework is determined by the formal and informal structures of interactions among agents, which define the lines...

Persistent link: https://www.econbiz.de/10014024379

Chapter 25 Agent-based Models of Innovation and Technological Change

Dawid, Herbert - In: Handbook of computational economics : volume 2, …, (pp. 1235-1272). 2006

This chapter discusses the potential of the agent-based computational economics approach for the analysis of processes of innovation and technological change. It is argued that, on the one hand, several genuine properties of innovation processes make the possibilities offered by agent-based...

Persistent link: https://www.econbiz.de/10014024380

Chapter 24 Agent-based Computational Finance

LeBaron, Blake - In: Handbook of computational economics : volume 2, …, (pp. 1187-1233). 2006

This chapter surveys research on agent-based models used in finance. It will concentrate on models where the use of computational tools is critical for the process of crafting models which give insights into the importance and dynamics of investor heterogeneity in many financial settings.

Persistent link: https://www.econbiz.de/10014024381

Chapter 23 Heterogeneous Agent Models in Economics and Finance

Hommes, Cars H. - In: Handbook of computational economics : volume 2, …, (pp. 1109-1186). 2006

This chapter surveys work on dynamic heterogeneous agent models (HAMs) in economics and finance. Emphasis is given to simple models that, at least to some extent, are tractable by analytic methods in combination with computational tools. Most of these models are behavioral models with boundedly...

Persistent link: https://www.econbiz.de/10014024382