Author : H. Deguchi
Release : 2011-06-28
Genre : Business & Economics
Kind : eBook
Book Rating : 573/5 ( reviews)
Book Synopsis Economics as an Agent-Based Complex System by : H. Deguchi
Download or read book Economics as an Agent-Based Complex System written by H. Deguchi. This book was released on 2011-06-28. Available in PDF, EPUB and Kindle. Book excerpt: 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.