The study of the economy by means of Agent-Based (AB) models is a relatively new field. It dates back to the early 90’s, when the increasing availability of cheap computing power has made possible to undertake the first computationally demanding experiments required tomodel the interactions of a large number of boundedly rational and heterogeneous agents (for a review, see Tesfatsion and Judd 2006), in an economy characterized by non-equilibrium dynamics and information asymmetries.
Major trends in agent-based economics
Tedeschi G.
2013-01-01
Abstract
The study of the economy by means of Agent-Based (AB) models is a relatively new field. It dates back to the early 90’s, when the increasing availability of cheap computing power has made possible to undertake the first computationally demanding experiments required tomodel the interactions of a large number of boundedly rational and heterogeneous agents (for a review, see Tesfatsion and Judd 2006), in an economy characterized by non-equilibrium dynamics and information asymmetries.File in questo prodotto:
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