ISBN-10: 1108400043

ISBN-13: 9781108400046

ISBN-10: 1108414990

ISBN-13: 9781108414999

unlike mainstream economics, complexity thought conceives the economic system as a fancy method of heterogeneous interacting brokers characterized by way of constrained details and bounded rationality. Agent dependent types (ABMs) are the analytical and computational instruments built via the proponents of this rising method. aimed toward scholars and students of up to date economics, this publication features a complete toolkit for agent-based computational economics, now fast changing into the recent approach to research evolving fiscal platforms. prime students within the box clarify how ABMs will be utilized fruitfully to many real-world monetary examples and symbolize an excellent development over mainstream methods. The essays speak about the methodological bases of agent-based techniques and reveal step by step find out how to construct, simulate and examine ABMs and the way to validate their outputs empirically utilizing the knowledge. in addition they current a large set of functions of those types to key monetary subject matters, together with the enterprise cycle, labour markets, and financial growth.

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Agent-based Models: A Toolkit


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