This paper investigates the relationship between methodological individualism (MI) and Agent-Based Simulation (ABS). We discuss and analyze a thesis defended by philosophers Caterina Marchionni and Petri Ylikoski (2013). The thesis maintains that, since MI is often considered to be a...

In this paper, we extend the classical model, originally built upon the representative agent and the Walrasian market-clearing mechanism, into its heterogeneous-agent and market maker extension, characterized by a market-maker trading mechanism with investors having heterogeneous beliefs of the...

This handbook provides a survey of both the foundations of and recent advances in the frontiers of analysis and action. It is both historically and interdisciplinarily rich and also tightly connected to the rise of digital society. It begins with the conventional view of computational economics,...