Economics as an Agent-Based Complex System
Author | : H. Deguchi |
Publisher | : Springer Science & Business Media |
Total Pages | : 284 |
Release | : 2004-03-26 |
ISBN-10 | : 4431209859 |
ISBN-13 | : 9784431209850 |
Rating | : 4/5 (59 Downloads) |
Download or read book Economics as an Agent-Based Complex System written by H. Deguchi and published by Springer Science & Business Media. This book was released on 2004-03-26 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: In agent-based modeling the focus is very much on agent-based simulation, as simulation is a very important tool for agent-based modeling. We also use agent-based simulation in this book with a stress on the mathematical foundation of agent-based modeling. We introduce two original mathematical frameworks, a theory of SLD (Social Learning Dynamics) and an axiomatic theory of economic exchange (Exchange Algebra) among agents. Exchange algebra gives bottom-up reconstruction of SNA (System of National Accountings). SLD provides the concept of indirect control of socio-economic systems to manage structural change and its stability. We also compare agent-based simulation with gaming simulation and investigate the epistemological foundation of agent-based modeling.