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Synopsis
In this book we depart from the General Equilibrium theory with its godlike Walrasian Auctioneer and fully rational and perfectly foresighted agents. We build an evolving network of fully decentralized trades among bounded rational, adaptive agents, where explanations are not derived deductively, but generated from the analysis of interactions. The aim of this work is to build a model which, through simple rules of behaviour of agents at an individual level, manages to produce some empirical regularities at a micro and at a macro level. Such a model could be used in the future as a computational laboratory for conducting policy experiments.
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- PublisherCreateSpace Independent Publishing Platform
- Publication date2012
- ISBN 10 1502782502
- ISBN 13 9781502782502
- BindingPaperback
- LanguageEnglish
- Number of pages124
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Complexity in Economics: Emerging macro behaviour from micro interactions
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Createspace Independent Publishing Platform, 2012
ISBN 10: 1502782502
ISBN 13: 9781502782502
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Complexity in Economics (Paperback)
Published by
Createspace Independent Publishing Platform, 2012
ISBN 10: 1502782502
ISBN 13: 9781502782502
New
Paperback
Seller: AussieBookSeller, Truganina, VIC, Australia
Seller rating 3 out of 5 stars
Paperback. Condition: new. Paperback. In this book we depart from the General Equilibrium theory with its godlike Walrasian Auctioneer and fully rational and perfectly foresighted agents. We build an evolving network of fully decentralized trades among bounded rational, adaptive agents, where explanations are not derived deductively, but generated from the analysis of interactions. The aim of this work is to build a model which, through simple rules of behaviour of agents at an individual level, manages to produce some empirical regularities at a micro and at a macro level. Such a model could be used in the future as a computational laboratory for conducting policy experiments. Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability. Seller Inventory # 9781502782502
Quantity: 1 available