Economics as an Agent-Based Complex System: Toward Agent-Based Social Systems Sciences

Deguchi, H.

ISBN 10: 4431209859 / ISBN 13: 9784431209850

Published by Springer, 2004

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Bibliographic Details

• Title: Economics as an Agent-Based Complex System: Toward Agent-Based Social Systems Sciences
• Publisher: Springer
• Publication Date: 2004
• Language: English
• ISBN 10: 4431209859
• ISBN 13: 9784431209850
• Binding: hardcover
• Condition: As New
• Weight: 22 ounces

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Synopsis

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.