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Agent-Based Computational Economics

By Shu-Heng Chen

Routledge – 2013 – 256 pages

Series: Routledge Advances in Experimental and Computable Economics

Purchasing Options:

  • Hardback: $135.00
    978-0-415-61488-7
    July 1st 2015
    Not yet available

Description

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.

The review also includes how these agents are networked by using ideas from physics, mathematics and sociology. Despite this rich interdisciplinary colour, the book has a simple fundamental pursuit, that is, to use ACE to clothe economics with Marshall’s spirit: "Economics, like biology, deals with a matter, of which the inner nature and constitution, as well as outer form, are constantly changing."

Contents

Part 1: Ideas and Structures of the Book 1. Economics in an Interdisciplinary Context 2. Agent-Based Modelling in the Social Sciences Part 2: Origins of ACE: Two Traditions 3. Cellular Automata 4. Agent-Based Modelling of Economic Experiments Part 3: Designing Artificial Economic Agents 5. Calibrated Artificial Agents 6. Agent-Based Double Auction Markets 7. Market Simulation Platforms Part 4: Computational Intelligence 8. Reinforcement Learning 9. Artificial Neural Networks 10. Evolutionary Computation Part 5: Agent-Based Financial Markets 11. Artificial Financial Markets with Programmed Agents 12. Artificial Financial Markets with Autonomous Agents 13. Empirically-Based Agent-Based Models Part 6: Cognitive and Psychological Agent-Based Modelling 14. Economic Significance of Personal Traits 15. Neuroeconomic Agents 16. Software Agents with Heterogeneous Intelligence 17. Agent-Based Lottery Markets Part 7: Social Networks 18. Social Networks 19. Agent-Based Social Networks Part 8: Novelty Discoveries and Modelling of Changes 20. Agent-Based Modular Economy Part 9: Conclusions 21. Beyond the Frontiers-Directions for the Further and Future Appendix. Resources

Author Bio

Shu-Heng Chen is Distinguished Professor at the Department of Economics at the National Chengchi University, Taiwan.

Name: Agent-Based Computational Economics (Hardback)Routledge 
Description: By Shu-Heng Chen. 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,...
Categories: Artificial Intelligence, Economic Psychology, Econometrics, Macroeconomics, Microeconomics, Political Economy, Advanced Mathematics