TitleEconophysics of Agent-Based Models
Author(s)Frederic Abergel (ed.);Hideaki Aoyama (ed.);Bikas K. Chakrabarti (ed.);Anirban Chakraborti (ed.);Ghosh, Asim
PublicationCham, Springer International Publishing, 2014.
DescriptionVIII, 302 p. 91 illus : online resource
Abstract NoteThe primary goal of this book is to present the research findings and conclusions of physicists, economists, mathematicians and financial engineers working in the field of "Econophysics" who have undertaken agent-based modelling, comparison with empirical studies and related investigations. Most standard economic models assume the existence of the representative agent, who is ???perfectly rational??? and applies the utility maximization principle when taking action. One reason for this is the desire to keep models mathematically tractable: no tools are available to economists for solving non-linear models of heterogeneous adaptive agents without explicit optimization. In contrast, multi-agent models, which originated from statistical physics considerations, allow us to go beyond the prototype theories of traditional economics involving the representative agent. This book is based on the Econophys-Kolkata VII Workshop, at which many such modelling efforts were presented. In the book, leading researchers in their fields report on their latest work, consider recent developments and review the contemporary literature
Keyword(s)1. Business 2. Business and Management, general 3. Data-driven Science, Modeling and Theory Building 4. EBOOK 5. EBOOK - SPRINGER 6. ECONOMIC THEORY 7. Economic Theory/Quantitative Economics/Mathematical Methods 8. ECONOPHYSICS 9. GAME THEORY 10. Game Theory, Economics, Social and Behav. Sciences 11. Management science 12. Sociophysics
Item TypeeBook
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Accession#  Call#StatusIssued ToReturn Due On Physical Location
I07404     On Shelf