An Agent-Based Model of Heterogeneous Demand

An Agent-Based Model of Heterogeneous Demand
Author :
Publisher : Springer
Total Pages : 173
Release :
ISBN-10 : 9783658187224
ISBN-13 : 3658187220
Rating : 4/5 (24 Downloads)

Synopsis An Agent-Based Model of Heterogeneous Demand by : Matthias Müller

Matthias Müller makes a case for the particular role of the demand side in research on innovation. Based on a complex agent-based simulation model, he analyzes the versatile mutual relationships between consumers and producers within the innovation process. Instead of oversimplifying the demand side, the book aims to apply important aspects which too often are only applied to the supply side, e.g., the heterogeneity and bounded rationality of economic actors embedded in networks. The results offer a new perspective on the innovation process, proving that the demand side and consumers are important drivers of innovation, which must be included in future research for a full picture.

Agent-Based Modelling in Economics

Agent-Based Modelling in Economics
Author :
Publisher : John Wiley & Sons
Total Pages : 256
Release :
ISBN-10 : 9781118456071
ISBN-13 : 1118456076
Rating : 4/5 (71 Downloads)

Synopsis Agent-Based Modelling in Economics by : Lynne Hamill

Agent-based modelling in economics Lynne Hamill and Nigel Gilbert, Centre for Research in Social Simulation (CRESS), University of Surrey, UK New methods of economic modelling have been sought as a result of the global economic downturn in 2008.This unique book highlights the benefits of an agent-based modelling (ABM) approach. It demonstrates how ABM can easily handle complexity: heterogeneous people, households and firms interacting dynamically. Unlike traditional methods, ABM does not require people or firms to optimise or economic systems to reach equilibrium. ABM offers a way to link micro foundations directly to the macro situation. Key features: Introduces the concept of agent-based modelling and shows how it differs from existing approaches. Provides a theoretical and methodological rationale for using ABM in economics, along with practical advice on how to design and create the models. Each chapter starts with a short summary of the relevant economic theory and then shows how to apply ABM. Explores both topics covered in basic economics textbooks and current important policy themes; unemployment, exchange rates, banking and environmental issues. Describes the models in pseudocode, enabling the reader to develop programs in their chosen language. Supported by a website featuring the NetLogo models described in the book. Agent-based Modelling in Economics provides students and researchers with the skills to design, implement, and analyze agent-based models. Third year undergraduate, master and doctoral students, faculty and professional economists will find this book an invaluable resource.

The Oxford Handbook of Computational Economics and Finance

The Oxford Handbook of Computational Economics and Finance
Author :
Publisher : Oxford University Press
Total Pages : 785
Release :
ISBN-10 : 9780190877507
ISBN-13 : 0190877502
Rating : 4/5 (07 Downloads)

Synopsis The Oxford Handbook of Computational Economics and Finance by : Shu-Heng Chen

The Oxford Handbook of Computational Economics and Finance provides a survey of both the foundations of and recent advances in the frontiers of analysis and action. It is both historically and interdisciplinarily rich and also tightly connected to the rise of digital society. It begins with the conventional view of computational economics, including recent algorithmic development in computing rational expectations, volatility, and general equilibrium. It then moves from traditional computing in economics and finance to recent developments in natural computing, including applications of nature-inspired intelligence, genetic programming, swarm intelligence, and fuzzy logic. Also examined are recent developments of network and agent-based computing in economics. How these approaches are applied is examined in chapters on such subjects as trading robots and automated markets. The last part deals with the epistemology of simulation in its trinity form with the integration of simulation, computation, and dynamics. Distinctive is the focus on natural computationalism and the examination of the implications of intelligent machines for the future of computational economics and finance. Not merely individual robots, but whole integrated systems are extending their "immigration" to the world of Homo sapiens, or symbiogenesis.

Assessing the Use of Agent-Based Models for Tobacco Regulation

Assessing the Use of Agent-Based Models for Tobacco Regulation
Author :
Publisher : National Academies Press
Total Pages : 269
Release :
ISBN-10 : 9780309317252
ISBN-13 : 0309317258
Rating : 4/5 (52 Downloads)

Synopsis Assessing the Use of Agent-Based Models for Tobacco Regulation by : Institute of Medicine

Tobacco consumption continues to be the leading cause of preventable disease and death in the United States. The Food and Drug Administration (FDA) regulates the manufacture, distribution, and marketing of tobacco products - specifically cigarettes, cigarette tobacco, roll-your-own tobacco, and smokeless tobacco - to protect public health and reduce tobacco use in the United States. Given the strong social component inherent to tobacco use onset, cessation, and relapse, and given the heterogeneity of those social interactions, agent-based models have the potential to be an essential tool in assessing the effects of policies to control tobacco. Assessing the Use of Agent-Based Models for Tobacco Regulation describes the complex tobacco environment; discusses the usefulness of agent-based models to inform tobacco policy and regulation; presents an evaluation framework for policy-relevant agent-based models; examines the role and type of data needed to develop agent-based models for tobacco regulation; provides an assessment of the agent-based model developed for FDA; and offers strategies for using agent-based models to inform decision making in the future.

Agent-Based Modelling of Socio-Technical Systems

Agent-Based Modelling of Socio-Technical Systems
Author :
Publisher : Springer Science & Business Media
Total Pages : 285
Release :
ISBN-10 : 9789400749320
ISBN-13 : 9400749325
Rating : 4/5 (20 Downloads)

Synopsis Agent-Based Modelling of Socio-Technical Systems by : Koen H. van Dam

Decision makers in large scale interconnected network systems require simulation models for decision support. The behaviour of these systems is determined by many actors, situated in a dynamic, multi-actor, multi-objective and multi-level environment. How can such systems be modelled and how can the socio-technical complexity be captured? Agent-based modelling is a proven approach to handle this challenge. This book provides a practical introduction to agent-based modelling of socio-technical systems, based on a methodology that has been developed at TU Delft and which has been deployed in a large number of case studies. The book consists of two parts: the first presents the background, theory and methodology as well as practical guidelines and procedures for building models. In the second part this theory is applied to a number of case studies, where for each model the development steps are presented extensively, preparing the reader for creating own models.

Agent-Based Models in Economics

Agent-Based Models in Economics
Author :
Publisher : Cambridge University Press
Total Pages : 261
Release :
ISBN-10 : 9781108414999
ISBN-13 : 1108414990
Rating : 4/5 (99 Downloads)

Synopsis Agent-Based Models in Economics by : Domenico Delli Gatti

The first step-by-step introduction to the methodology of agent-based models in economics, their mathematical and statistical analysis, and real-world applications.

Research in the History of Economic Thought and Methodology

Research in the History of Economic Thought and Methodology
Author :
Publisher : Emerald Group Publishing
Total Pages : 176
Release :
ISBN-10 : 9781800711501
ISBN-13 : 1800711506
Rating : 4/5 (01 Downloads)

Synopsis Research in the History of Economic Thought and Methodology by : Luca Fiorito

Volume 39C of Research in the History of Economic Thought and Methodology, features a symposium marking the 100th anniversary of the publication of Frank H. Knight’s Risk, Uncertainty, and Profit.

Advances in Social Simulation

Advances in Social Simulation
Author :
Publisher : Springer Nature
Total Pages : 603
Release :
ISBN-10 : 9783030615031
ISBN-13 : 3030615030
Rating : 4/5 (31 Downloads)

Synopsis Advances in Social Simulation by : Petra Ahrweiler

This book presents the state of the art in social simulation as presented at the Social Simulation Conference 2019 in Mainz, Germany. It covers the developments in applications and methods of social simulation, addressing societal issues such as socio-ecological systems and policymaking. Methodological issues discussed include large-scale empirical calibration, model sharing and interdisciplinary research, as well as decision-making models, validation and the use of qualitative data in simulation modeling. Research areas covered include archaeology, cognitive science, economics, organization science and social simulation education. This book gives readers insight into the increasing use of social simulation in both its theoretical development and in practical applications such as policymaking whereby modeling and the behavior of complex systems is key. The book appeals to students, researchers and professionals in the various fields.

Models and Technologies for Smart, Sustainable and Safe Transportation Systems

Models and Technologies for Smart, Sustainable and Safe Transportation Systems
Author :
Publisher : BoD – Books on Demand
Total Pages : 268
Release :
ISBN-10 : 9781838808020
ISBN-13 : 1838808027
Rating : 4/5 (20 Downloads)

Synopsis Models and Technologies for Smart, Sustainable and Safe Transportation Systems by : Stefano de Luca

Innovative and smart mobility systems are expected to make transportation systems more sustainable, inclusive, and safe. Because of changing mobility paradigms, transport planning and design require different methodological approaches. Over twelve chapters, this book examines and analyzes Mobility as a Service (MaaS), travel behavior, traffic control, intelligent transportation system design, electric, connected, and automated vehicles, and much more.

Long Memory in Economics

Long Memory in Economics
Author :
Publisher : Springer Science & Business Media
Total Pages : 394
Release :
ISBN-10 : 9783540346258
ISBN-13 : 3540346252
Rating : 4/5 (58 Downloads)

Synopsis Long Memory in Economics by : Gilles Teyssière

Assembles three different strands of long memory analysis: statistical literature on the properties of, and tests for, LRD processes; mathematical literature on the stochastic processes involved; and models from economic theory providing plausible micro foundations for the occurrence of long memory in economics.