Agent-Based Computational Economics: How the idea originated by Shu-Heng Chen

By Shu-Heng Chen

This booklet goals to reply to questions which are primary to the examine of agent-based monetary versions: what's agent-based computational economics and why will we want agent-based fiscal modelling of economic climate? This booklet offers a evaluation of the advance of agent-based computational economics (ACE) from a viewpoint on how synthetic monetary brokers are designed lower than the impacts of complicated sciences, experimental economics, synthetic intelligence, evolutionary biology, psychology, anthropology and neuroscience.

This booklet starts off with a ancient evaluation of ACE by means of tracing its origins. From a modelling point of view, ACE brings actually decentralized strategies into marketplace research, from a unmarried industry to the total economic system. This ebook additionally stories how experimental economics and synthetic intelligence have formed the advance of ACE. For the previous, the ebook discusses how ACE versions can be utilized to examine the industrial effects of cognitive potential, character and cultural inheritance. For the latter, the ebook covers a number of the instruments used to build synthetic adaptive brokers, together with reinforcement studying, fuzzy determination ideas, neural networks, and evolutionary computation.

This publication can be of curiosity to graduate scholars learning computational economics, experimental economics, behavioural economics, and examine technique.

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