115_introductiontoagent-basedcomputationaleconomics

115_introductiontoagent-basedcomputationaleconomics -...

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Unformatted text preview: Introduction to Agent-Based Computational Economics (ACE) Introduction to Agent-Based Computational Economics (ACE) • Motivation: Introduction to Agent-Based Computational Economics (ACE) • Motivation: • Understanding a political or economic system requires more than an understanding of the individuals that comprise the system. It also requires understanding how the individuals interact with each other, and how the results can be more than the sum of the parts. (Axelrod and Tesfatsion (2005)) Introduction to Agent-Based Computational Economics (ACE) • Motivation: • Understanding a political or economic system requires more than an understanding of the individuals that comprise the system. It also requires understanding how the individuals interact with each other, and how the results can be more than the sum of the parts. (Axelrod and Tesfatsion (2005)) • Structure of the Lecture Introduction to Agent-Based Computational Economics (ACE) • Motivation: • Understanding a political or economic system requires more than an understanding of the individuals that comprise the system. It also requires understanding how the individuals interact with each other, and how the results can be more than the sum of the parts. (Axelrod and Tesfatsion (2005)) • Structure of the Lecture • Economy as a Complex Adaptive System (CAS) Introduction to Agent-Based Computational Economics (ACE) • Motivation: • Understanding a political or economic system requires more than an understanding of the individuals that comprise the system. It also requires understanding how the individuals interact with each other, and how the results can be more than the sum of the parts. (Axelrod and Tesfatsion (2005)) • Structure of the Lecture • Economy as a Complex Adaptive System (CAS) • Characteristics of Agent-Based Models (ABM) Introduction to Agent-Based Computational Economics (ACE) • Motivation: • Understanding a political or economic system requires more than an understanding of the individuals that comprise the system. It also requires understanding how the individuals interact with each other, and how the results can be more than the sum of the parts. (Axelrod and Tesfatsion (2005)) • Structure of the Lecture • Economy as a Complex Adaptive System (CAS) • Characteristics of Agent-Based Models (ABM) • Main Goals of ABM Introduction to Agent-Based Computational Economics (ACE) • Motivation: • Understanding a political or economic system requires more than an understanding of the individuals that comprise the system. It also requires understanding how the individuals interact with each other, and how the results can be more than the sum of the parts. (Axelrod and Tesfatsion (2005)) • Structure of the Lecture • Economy as a Complex Adaptive System (CAS) • Characteristics of Agent-Based Models (ABM) • Main Goals of ABM • Implementation of ABM Introduction to Agent-Based Computational Economics (ACE) • Motivation: • Understanding a political or economic system requires more than an...
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This note was uploaded on 03/22/2011 for the course ECON 102 taught by Professor Moura during the Spring '11 term at Universidade Federal do Rio de Janeiro.

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115_introductiontoagent-basedcomputationaleconomics -...

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