Complexity and Artificial Markets
Author | : Klaus Schredelseker |
Publisher | : Springer Science & Business Media |
Total Pages | : 235 |
Release | : 2008-07-30 |
ISBN-10 | : 9783540705567 |
ISBN-13 | : 3540705562 |
Rating | : 4/5 (67 Downloads) |
Book excerpt: In recent years, agent-based simulation has become a widely accepted tool when dealing with complexity in economics and other social sciences. The contributions presented in this book apply agent-based methods to derive results from complex models related to market mechanisms, evolution, decision making, and information economics. In addition, the applicability of agent-based methods to complex problems in economics is discussed from a methodological perspective. The papers presented in this collection combine approaches from economics, finance, computer science, natural sciences, philosophy, and cognitive sciences.