Complex Agent-Based Models PDF
By:Mauro Gallegati
Published on 2018-09-19 by Springer
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\u200b. 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
This Book was ranked at 8 by Google Books for keyword medical computer application assisted surgery.
Book ID of Complex Agent-Based Models's Books is vXdvDwAAQBAJ, Book which was written byMauro Gallegatihave ETAG "4IQFrf7RXgg"
Book which was published by Springer since 2018-09-19 have ISBNs, ISBN 13 Code is 9783319938585 and ISBN 10 Code is 3319938584
Reading Mode in Text Status is true and Reading Mode in Image Status is true
Book which have "80 Pages" is Printed at BOOK under CategoryBusiness and Economics
Book was written in en
eBook Version Availability Status at PDF is true and in ePub is true
Book Preview
Download Complex Agent-Based Models PDF Free
Download Complex Agent-Based Models Book Free
Download Complex Agent-Based Models Free
Download Complex Agent-Based Models PDF
Download Complex Agent-Based Models Book
How to Download Complex Agent-Based Models Book
How to Download Complex Agent-Based Models
How to Download Complex Agent-Based Models pdf
How to Download Complex Agent-Based Models free
Free Download Complex Agent-Based Models
No comments:
Post a Comment