The 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.

About the Author

Anirban Chakraborti
UrRL: http://fiquant.mas.ecp.fr/chakraboa

Fr�d�ric Abergel
1992 Habilitation � diriger des recherches, d�partement de Math�matiques,
Universit� Paris XI
1986 PhD in Mathematics, Universit� Paris XI and �cole Normale
Sup�rieure
1981-1985 �cole Normale Sup�rieure

Bikas K. Chakrabarti
http://www.saha.ac.in/cmp/bikask.chakrabarti/bikas.html

"About this title" may belong to another edition of this title.

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