Agent-Based Computational Economics

Agent-Based Computational Economics

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Description

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Agent-based Computational Economics (ACE) is the computational study of economies modeled as evolving systems of autonomous interacting agents. Starting from initial conditions, specified by the modeler, the computational economy evolves over time as its constituent agents repeatedly interact with each other and learn from these interactions. ACE is therefore a bottom-up culture-dish approach to the study of economic systems. It has been applied to research areas like asset pricing, industry dynamics, macroeconomics, and Marxist economics.show more

Product details

  • Paperback | 80 pages
  • 152 x 229 x 5mm | 127g
  • Miss Press
  • United States
  • English
  • 6135755293
  • 9786135755299