Complexity and Artificial Markets
In recent years, agent-based simulation has become a widely accepted tool when dealing with complexity in economics and other social sciences. The contributions presented in this book apply agent-based methods to derive results from complex models related to market mechanisms, evolution, decision making, and information economics. In addition, the applicability of agent-based methods to complex problems in economics is discussed from a methodological perspective. The papers presented in this collection combine approaches from economics, finance, computer science, natural sciences, philosophy, and cognitive sciences.
Market Mechanisms.- Zero-Intelligence Trading Without Resampling.- Understanding the Price Dynamics of a Real Market Using Simulations: The Dutch Auction of the Pescara Wholesale Fish Market.- Market Behavior Under Zero-Intelligence Trading and Price Awareness.- Evolution and Decision Making.- Evolutionary Switching between Forecasting Heuristics: An Explanation of an Asset-Pricing Experiment.- Prospect Theory Behavioral Assumptions in an Artificial Financial Economy.- Computing the Evolution of Walrasian Behaviour.- Multidimensional Evolving Opinion for Sustainable Consumption Decision.- Information Economics.- Local Interaction, Incomplete Information and Properties of Asset Prices.- Long-Term Orientation in Trade.- Agent-Based Experimental Economics in Signaling Games.- Methodological Issues.- Why do we need Ontology for Agent-Based Models?.- Production and Finance in EURACE.- Serious Games for Economists.- Invited Speakers.- Computational Evolution.- Artificial Markets: Rationality and Organisation.
| Erscheint lt. Verlag | 28.8.2008 |
|---|---|
| Reihe/Serie | Lecture Notes in Economics and Mathematical Systems |
| Zusatzinfo | XX, 234 p. 73 illus. |
| Verlagsort | Berlin |
| Sprache | englisch |
| Maße | 155 x 235 mm |
| Gewicht | 363 g |
| Themenwelt | Wirtschaft ► Allgemeines / Lexika |
| Wirtschaft ► Volkswirtschaftslehre ► Ökonometrie | |
| Schlagworte | agent-based modelling • Artificial Markets • Complexity • Computer • Computer Science • Computer simulations • Simulation |
| ISBN-13 | 9783540705536 / 9783540705536 |
| Zustand | Neuware |
| Informationen gemäß Produktsicherheitsverordnung (GPSR) | |
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