Agent-Based Computational Economics

How the idea originated and where it is going

Business & Finance, Economics, Microeconomics
Cover of the book Agent-Based Computational Economics by Shu-Heng Chen, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Shu-Heng Chen ISBN: 9781317560920
Publisher: Taylor and Francis Publication: September 19, 2017
Imprint: Routledge Language: English
Author: Shu-Heng Chen
ISBN: 9781317560920
Publisher: Taylor and Francis
Publication: September 19, 2017
Imprint: Routledge
Language: English

This book aims to answer two questions that are fundamental to the study of agent-based economic models: what is agent-based computational economics and why do we need agent-based economic modelling of economy? This book provides a review of the development of agent-based computational economics (ACE) from a perspective on how artificial economic agents are designed under the influences of complex sciences, experimental economics, artificial intelligence, evolutionary biology, psychology, anthropology and neuroscience.

This book begins with a historical review of ACE by tracing its origins. From a modelling viewpoint, ACE brings truly decentralized procedures into market analysis, from a single market to the whole economy. This book also reviews how experimental economics and artificial intelligence have shaped the development of ACE. For the former, the book discusses how ACE models can be used to analyse the economic consequences of cognitive capacity, personality and cultural inheritance. For the latter, the book covers the various tools used to construct artificial adaptive agents, including reinforcement learning, fuzzy decision rules, neural networks, and evolutionary computation.

This book will be of interest to graduate students researching computational economics, experimental economics, behavioural economics, and research methodology.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book aims to answer two questions that are fundamental to the study of agent-based economic models: what is agent-based computational economics and why do we need agent-based economic modelling of economy? This book provides a review of the development of agent-based computational economics (ACE) from a perspective on how artificial economic agents are designed under the influences of complex sciences, experimental economics, artificial intelligence, evolutionary biology, psychology, anthropology and neuroscience.

This book begins with a historical review of ACE by tracing its origins. From a modelling viewpoint, ACE brings truly decentralized procedures into market analysis, from a single market to the whole economy. This book also reviews how experimental economics and artificial intelligence have shaped the development of ACE. For the former, the book discusses how ACE models can be used to analyse the economic consequences of cognitive capacity, personality and cultural inheritance. For the latter, the book covers the various tools used to construct artificial adaptive agents, including reinforcement learning, fuzzy decision rules, neural networks, and evolutionary computation.

This book will be of interest to graduate students researching computational economics, experimental economics, behavioural economics, and research methodology.

More books from Taylor and Francis

Cover of the book A Guide to Surviving a Career in Academia by Shu-Heng Chen
Cover of the book Forty Years of Sport and Social Change, 1968-2008 by Shu-Heng Chen
Cover of the book Scale by Shu-Heng Chen
Cover of the book Literary Allusion in Harry Potter by Shu-Heng Chen
Cover of the book Structure, Interaction and Social Theory (RLE Social Theory) by Shu-Heng Chen
Cover of the book Technological Diffusion and Industrialisation Before 1914 by Shu-Heng Chen
Cover of the book Spiritualism and Society (Routledge Revivals) by Shu-Heng Chen
Cover of the book Modern American Counter Writing by Shu-Heng Chen
Cover of the book India in South Asia by Shu-Heng Chen
Cover of the book Challenges from Within by Shu-Heng Chen
Cover of the book Understanding Contemporary Social Problems Through Media by Shu-Heng Chen
Cover of the book The Soul of Theological Anthropology by Shu-Heng Chen
Cover of the book Shelley's Style by Shu-Heng Chen
Cover of the book Science and the Sociology of Knowledge (RLE Social Theory) by Shu-Heng Chen
Cover of the book Education and Neoliberal Globalization by Shu-Heng Chen
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy