Agent-Based Modelling in Economics

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Éditeur :

Wiley


Paru le : 2015-11-02

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Description

Agent-based modelling in economics
 
Lynne Hamill and Nigel Gilbert, Centre for Research in Social Simulation (CRESS), University of Surrey, UK
 
New methods of economic modelling have been sought as a result of the global economic downturn in 2008.This unique book highlights the benefits of an agent-based modelling (ABM) approach. It demonstrates how ABM can easily handle complexity: heterogeneous people, households and firms interacting dynamically. Unlike traditional methods, ABM does not require people or firms to optimise or economic systems to reach equilibrium. ABM offers a way to link micro foundations directly to the macro situation. 
 
Key features: Introduces the concept of agent-based modelling and shows how it differs from existing approaches. Provides a theoretical and methodological rationale for using ABM in economics, along with practical advice on how to design and create the models. Each chapter starts with a short summary of the relevant economic theory and then shows how to apply ABM. Explores both topics covered in basic economics textbooks and current important policy themes; unemployment, exchange rates, banking and environmental issues. Describes the models in pseudocode, enabling the reader to develop programs in their chosen language. Supported by a website featuring the NetLogo models described in the book.
 
Agent-based Modelling in Economics provides students and researchers with the skills to design, implement, and analyze agent-based models. Third year undergraduate, master and doctoral students, faculty and professional economists will find this book an invaluable resource.
 
Pages
256 pages
Collection
n.c
Parution
2015-11-02
Marque
Wiley
EAN papier
9781118456071
EAN PDF
9781118945513

Informations sur l'ebook
Nombre pages copiables
0
Nombre pages imprimables
256
Taille du fichier
6840 Ko
Prix
56,92 €
EAN EPUB
9781118945506

Informations sur l'ebook
Nombre pages copiables
0
Nombre pages imprimables
256
Taille du fichier
23685 Ko
Prix
56,92 €

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