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Economics as an Agent-Based Complex System: Toward Agent-Based Social Systems Sciences
Paperback
Technology & EngineeringPhysics
ISBN13: 9784431679653
Publisher: Springer Nature
Published: Oct 3 2013
Pages: 261
Weight: 0.86
Height: 0.58 Width: 6.14 Depth: 9.21
Language: English
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.
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