國立虎尾科技大學 |

Complex Agent-Based Models

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Complex Agent-Based Models/ by Mauro Gallegati.
Author:	Gallegati, Mauro.
Description:	XIII, 80 p.online resource. :
Contained By:	Springer Nature eBook
Subject:	Macroeconomics. -
Online resource:	https://doi.org/10.1007/978-3-319-93858-5
ISBN:	9783319938585

Complex Agent-Based Models
Gallegati, Mauro.

Complex Agent-Based Models[electronic resource] /by Mauro Gallegati. - 1st ed. 2018. - XIII, 80 p.online resource. - New Economic Windows,2039-411X. - New Economic Windows,.

Foreword -- I Axiomatic economics: the biggest dying paradigm -- II The crisis of economics -- III Economics como tiene que ser -- IV Where do we go, to go where we have to go? -- References.

This book offers a thorough introduction to the highly promising complex agent-based approach to economics, in which agent-based models (ABMs) are used to represent economic systems as complex and evolving systems composed of heterogeneous agents of limited rationality who interact with each other, generating the system’s emergent properties in the process. This approach represents a response to the limitations of the dominant theory in economics, which does not consider the possibility of a major crisis, and to the inability of dynamic stochastic general equilibrium theory to generate empirically falsifiable propositions. In the new perspective, the focus is on identifying the elements of instability rather than the triggering event. As the theory of complexity demonstrates, the interactions of heterogeneous agents produce non-linearity: this puts an end to the age of certainties. With ABMs, the methodology is “from the bottom up”. The individual parameters and their distribution are estimated, and then evaluated to verify whether aggregate regularities emerge on the whole. In short, not only micro, but also meso and macro empirical validation are employed. Moreover, it shows that the mantra of growth should be supplanted by the concept of a growth . Given its depth of coverage, the book will enable students at the undergraduate and Master’s level to gain a firm grasp of this important emerging approach. “This book is flower blossomed by one of the two greatest Italian economists.” Bruce Greenwald, Columbia University “The author’s - the ABM prophet’s - thoughts on economics have been at the forefront of the world. Without a firm belief in and dedication to human society, it is impossible to write such a book. This is a work of high academic value, which can help readers quickly understand the history and current situation of complex economic theory. In particular, we can understand the basic viewpoints, academic status, advantages and shortcomings of various schools of economic theory.” Jie Wu, Guangzhou Milestone Software Co., China.

ISBN: 9783319938585

Standard No.: 10.1007/978-3-319-93858-5doiSubjects--Topical Terms:

554837
Macroeconomics.

LC Class. No.: HB172.5

Dewey Class. No.: 339

Complex Agent-Based Models
LDR:03650nam a22004215i 4500 001 988785
003 DE-He213
005 20200705033417.0
007 cr nn 008mamaa
008 201225s2018 gw | s |||| 0|eng d
020 $a 9783319938585 $9 978-3-319-93858-5
024 7 $a 10.1007/978-3-319-93858-5 $2 doi
035 $a 978-3-319-93858-5
050 4 $a HB172.5
072 7 $a KCB $2 bicssc
072 7 $a BUS039000 $2 bisacsh
072 7 $a KCB $2 thema
072 7 $a KCBM $2 thema
082 0 4 $a 339 $2 23
100 1 $a Gallegati, Mauro. $4 aut $4 http://id.loc.gov/vocabulary/relators/aut $3 1103936
245 1 0 $a Complex Agent-Based Models $h [electronic resource] / $c by Mauro Gallegati.
250 $a 1st ed. 2018.
264 1 $a Cham : $b Springer International Publishing : $b Imprint: Springer, $c 2018.
300 $a XIII, 80 p. $b online resource.
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
338 $a online resource $b cr $2 rdacarrier
347 $a text file $b PDF $2 rda
490 1 $a New Economic Windows, $x 2039-411X
505 0 $a Foreword -- I Axiomatic economics: the biggest dying paradigm -- II The crisis of economics -- III Economics como tiene que ser -- IV Where do we go, to go where we have to go? -- References.
520 $a This book offers a thorough introduction to the highly promising complex agent-based approach to economics, in which agent-based models (ABMs) are used to represent economic systems as complex and evolving systems composed of heterogeneous agents of limited rationality who interact with each other, generating the system’s emergent properties in the process. This approach represents a response to the limitations of the dominant theory in economics, which does not consider the possibility of a major crisis, and to the inability of dynamic stochastic general equilibrium theory to generate empirically falsifiable propositions. In the new perspective, the focus is on identifying the elements of instability rather than the triggering event. As the theory of complexity demonstrates, the interactions of heterogeneous agents produce non-linearity: this puts an end to the age of certainties. With ABMs, the methodology is “from the bottom up”. The individual parameters and their distribution are estimated, and then evaluated to verify whether aggregate regularities emerge on the whole. In short, not only micro, but also meso and macro empirical validation are employed. Moreover, it shows that the mantra of growth should be supplanted by the concept of a growth . Given its depth of coverage, the book will enable students at the undergraduate and Master’s level to gain a firm grasp of this important emerging approach. “This book is flower blossomed by one of the two greatest Italian economists.” Bruce Greenwald, Columbia University “The author’s - the ABM prophet’s - thoughts on economics have been at the forefront of the world. Without a firm belief in and dedication to human society, it is impossible to write such a book. This is a work of high academic value, which can help readers quickly understand the history and current situation of complex economic theory. In particular, we can understand the basic viewpoints, academic status, advantages and shortcomings of various schools of economic theory.” Jie Wu, Guangzhou Milestone Software Co., China.
650 0 $a Macroeconomics. $3 554837
650 0 $a Schools of economics. $3 1259436
650 0 $a System theory. $3 566168
650 0 $a Statistical physics. $3 528048
650 1 4 $a Macroeconomics/Monetary Economics//Financial Economics. $3 1069052
650 2 4 $a Heterodox Economics. $3 1106753
650 2 4 $a Complex Systems. $3 888664
650 2 4 $a Applications of Nonlinear Dynamics and Chaos Theory. $3 1113607
710 2 $a SpringerLink (Online service) $3 593884
773 0 $t Springer Nature eBook
776 0 8 $i Printed edition: $z 9783319938578
776 0 8 $i Printed edition: $z 9783319938592
776 0 8 $i Printed edition: $z 9783030067311
830 0 $a New Economic Windows, $x 2039-411X $3 1255795
856 4 0 $u https://doi.org/10.1007/978-3-319-93858-5
912 $a ZDB-2-ECF
912 $a ZDB-2-SXEF
950 $a Economics and Finance (SpringerNature-41170)
950 $a Economics and Finance (R0) (SpringerNature-43720)