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Economics as an Agent-Based Complex System

Name: Economics as an Agent-Based Complex System
Brand: Springer Verlag, Japan
SKU: 03622624
Price: 102.93 EUR
Availability: InStock
Author: H. Deguchi
ISBN: 9784431209850

Toward Agent-Based Social Systems Sciences

H. Deguchi

Language

English

Book Hardback

Libristo code: 03622624

Publishers Springer Verlag, Japan, March 2004

In agent-based modeling the focus is very much on agent-based simulation, as simulation is a very im... Full description

Libristo code: 03622624

249 b

102.93 €

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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.