New PDF release: Agent-based Computational Economics using NetLogo

By Romulus-Catalin Damaceanu

"Agent-based Computational Economics utilizing NetLogo" explores how researchers can create, use and enforce multi-agent computational types in Economics through the use of NetLogo software program platform. difficulties of monetary technological know-how could be solved utilizing multi-agent modelling (MAM). this system makes use of a working laptop or computer version to simulate the activities and interactions of independent entities in a community, that allows you to learn the consequences at the whole economic climate. MAM combines components of video game thought, complicated structures, emergence and evolutionary programming. The Monte Carlo process can also be utilized in this booklet to introduce random parts. The eleven versions provided during this textual content simulate the simultaneous operations of a number of brokers in an try and recreate and expect advanced fiscal phenomena.
This publication explains the subject in a scientific demeanour, beginning with an advent for readers for this reason by way of technique and implementation utilizing NetLogo. the amount ends with conclusions according to the result of the experiments presented.
The book is meant as a concise and very important source for economists, utilized mathematicians, social sciences scientists, platforms analysts, operations researchers and numerical analysts.

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2004). Matching, Bargaining, and Wage Setting in an Evolutionary Model of Labor Market and Output Dynamics. Advances in Complex Systems, 14, 237-273. Gardner, M. (1970). Mathematical Games - The fantastic combinations of John Conway's new solitaire game "life". , & Terna, P. (2000). How to build and use agent-based models in social science. , Nooteboom, B. (2006). Adaptive Build-up and Breakdown of Trust: An Agent Based Computational Approach. , Hanusch, H. (2003). An Evolutionary Approach to the Theory of the Entrepreneur.

5 and I used this version for implementing the model described in Chapter 2 of this eBook. Figure 1: The available versions of NetLogo. NetLogo is used for modeling complex systems developing over time. You can give instructions to hundreds or thousands of agents operating concurrently. This makes it possible to explore the connection between the micro-level behaviour of individuals and the macro-level patterns that result from the interactions of agents. NetLogo has a Models Library with a large collection of agent-based models that can be used and/or modified.

Journal of Economic Dynamics and Control, 25, 419-457 Thom, R. (1972). Stabilite structurelle et Morphogenese. New York: Benjamin Vega-Redondo, F. (1996). Evolution, Games, and Economic Behaviour . Oxford: Oxford University Press Walras, L. (1954). Elements of Pure Economics. J. (1985). An Essay on the Importance of Being Nonlinear. P. (1998). Individual Strategy and Social Structure. C. (1977). Catastrophe Theory: Selected Papers (1972-1977). : Addison-Wesley Reading CHAPTER 2 The Multi Agent-Based Computational Model of an Artificial Economy Abstract: In this chapter, we describe the multi agent-based computational model of an artificial economy and proceed to the conceptual validation process by describing the observer O with its parameters, variables, procedures and sub-agents Ti and Pxy.

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