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The Resource Economics with Heterogeneous Interacting Agents : A Practical Guide to Agent-Based Modeling, edited by Alessandro Caiani, Alberto Russo, Antonio Palestrini, Mauro Gallegati, (electronic resource)

Economics with Heterogeneous Interacting Agents : A Practical Guide to Agent-Based Modeling, edited by Alessandro Caiani, Alberto Russo, Antonio Palestrini, Mauro Gallegati, (electronic resource)

Creator
Editor
Contributor
Summary
This book offers a practical guide to Agent Based economic modeling, adopting a "learning by doing" approach to help the reader master the fundamental tools needed to create and analyze Agent Based models. After providing them with a basic "toolkit" for Agent Based modeling, it present and discusses didactic models of real financial and economic systems in detail. While stressing the main features and advantages of the bottom-up perspective inherent to this approach, the book also highlights the logic and practical steps that characterize the model building procedure. A detailed description of the underlying codes, developed using R and C, is also provided. In addition, each didactic model is accompanied by exercises and applications designed to promote active learning on the part of the reader. Following the same approach, the book also presents several complementary tools required for the analysis and validation of the models, such as sensitivity experiments, calibration exercises, economic network and statistical distributions analysis. By the end of the book, the reader will have gained a deeper understanding of the Agent Based methodology and be prepared to use the fundamental techniques required to start developing their own economic models. Accordingly, "Economics with Heterogeneous Interacting Agents" will be of particular interest to graduate and postgraduate students, as well as to academic institutions and lecturers interested in including an overview of the AB approach to economic modeling in their courses.--
Language
eng
Work
Publication
Extent
1 online resource (XVIII, 205 pages)
Contents
  • Part I Introduction to Agent Based Economics (Editors)
  • A brief historical and theoretical overview of the methodology
  • From the micro to the macro
  • Part II Getting started: The logical structure of an AB model
  • Thinking agents and their behaviors
  • Thinking market structures
  • Defining the timing of the simulation model
  • Part III Implementing the model
  • A simple model of business fluctuations with heterogeneous interacting agents and credit networks
  • Modeling financial markets in an agent-based framework
  • Part IV Analyzing and validating the model
  • Validation and calibration
  • Scenario and policy analysis
  • Economic networks analysis
  • Testing micro heuristics in the lab
  • Appendix/Website: Source codes of the applications presented
Isbn
9783319440583
Link
https://eui.idm.oclc.org/login?url=http://dx.doi.org/10.1007/978-3-319-44058-3
Instance
Label
Economics with Heterogeneous Interacting Agents : A Practical Guide to Agent-Based Modeling
Title
Economics with Heterogeneous Interacting Agents
Title remainder
A Practical Guide to Agent-Based Modeling
Statement of responsibility
edited by Alessandro Caiani, Alberto Russo, Antonio Palestrini, Mauro Gallegati
Creator
Contributor
Editor
Subject
Language
eng
Summary
This book offers a practical guide to Agent Based economic modeling, adopting a "learning by doing" approach to help the reader master the fundamental tools needed to create and analyze Agent Based models. After providing them with a basic "toolkit" for Agent Based modeling, it present and discusses didactic models of real financial and economic systems in detail. While stressing the main features and advantages of the bottom-up perspective inherent to this approach, the book also highlights the logic and practical steps that characterize the model building procedure. A detailed description of the underlying codes, developed using R and C, is also provided. In addition, each didactic model is accompanied by exercises and applications designed to promote active learning on the part of the reader. Following the same approach, the book also presents several complementary tools required for the analysis and validation of the models, such as sensitivity experiments, calibration exercises, economic network and statistical distributions analysis. By the end of the book, the reader will have gained a deeper understanding of the Agent Based methodology and be prepared to use the fundamental techniques required to start developing their own economic models. Accordingly, "Economics with Heterogeneous Interacting Agents" will be of particular interest to graduate and postgraduate students, as well as to academic institutions and lecturers interested in including an overview of the AB approach to economic modeling in their courses.--
Member of
Assigning source
Provided by publisher
http://library.link/vocab/creatorName
Caiani, Alessandro,
Image bit depth
0
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
  • Russo, Alberto
  • Palestrini, Antonio
  • Gallegati, Mauro
Series statement
  • Springer eBooks.
  • New Economic Windows,
http://library.link/vocab/subjectName
  • Computer simulation
  • Application software
  • Microeconomics
  • Macroeconomics
  • Economics
  • Macroeconomics/Monetary Economics//Financial Economics
  • Microeconomics
  • Simulation and Modeling
  • Computer Appl. in Social and Behavioral Sciences
Label
Economics with Heterogeneous Interacting Agents : A Practical Guide to Agent-Based Modeling, edited by Alessandro Caiani, Alberto Russo, Antonio Palestrini, Mauro Gallegati, (electronic resource)
Link
https://eui.idm.oclc.org/login?url=http://dx.doi.org/10.1007/978-3-319-44058-3
Instantiates
Publication
Antecedent source
mixed
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
not applicable
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Part I Introduction to Agent Based Economics (Editors) -- A brief historical and theoretical overview of the methodology -- From the micro to the macro -- Part II Getting started: The logical structure of an AB model -- Thinking agents and their behaviors -- Thinking market structures -- Defining the timing of the simulation model -- Part III Implementing the model -- A simple model of business fluctuations with heterogeneous interacting agents and credit networks -- Modeling financial markets in an agent-based framework -- Part IV Analyzing and validating the model -- Validation and calibration -- Scenario and policy analysis -- Economic networks analysis -- Testing micro heuristics in the lab -- Appendix/Website: Source codes of the applications presented
Control code
978-3-319-44058-3
Dimensions
unknown
Extent
1 online resource (XVIII, 205 pages)
File format
multiple file formats
Form of item
  • online
  • electronic
Governing access note
Use of this electronic resource may be governed by a license agreement which restricts use to the European University Institute community. Each user is responsible for limiting use to individual, non-commercial purposes, without systematically downloading, distributing, or retaining substantial portions of information, provided that all copyright and other proprietary notices contained on the materials are retained. The use of software, including scripts, agents, or robots, is generally prohibited and may result in the loss of access to these resources for the entire European University Institute community
Isbn
9783319440583
Level of compression
uncompressed
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1007/978-3-319-44058-3
Other physical details
50 illustrations, 6 illustrations in color.
Quality assurance targets
absent
Reformatting quality
access
Specific material designation
remote
System control number
(OCoLC)958984687
Label
Economics with Heterogeneous Interacting Agents : A Practical Guide to Agent-Based Modeling, edited by Alessandro Caiani, Alberto Russo, Antonio Palestrini, Mauro Gallegati, (electronic resource)
Link
https://eui.idm.oclc.org/login?url=http://dx.doi.org/10.1007/978-3-319-44058-3
Publication
Antecedent source
mixed
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
not applicable
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Part I Introduction to Agent Based Economics (Editors) -- A brief historical and theoretical overview of the methodology -- From the micro to the macro -- Part II Getting started: The logical structure of an AB model -- Thinking agents and their behaviors -- Thinking market structures -- Defining the timing of the simulation model -- Part III Implementing the model -- A simple model of business fluctuations with heterogeneous interacting agents and credit networks -- Modeling financial markets in an agent-based framework -- Part IV Analyzing and validating the model -- Validation and calibration -- Scenario and policy analysis -- Economic networks analysis -- Testing micro heuristics in the lab -- Appendix/Website: Source codes of the applications presented
Control code
978-3-319-44058-3
Dimensions
unknown
Extent
1 online resource (XVIII, 205 pages)
File format
multiple file formats
Form of item
  • online
  • electronic
Governing access note
Use of this electronic resource may be governed by a license agreement which restricts use to the European University Institute community. Each user is responsible for limiting use to individual, non-commercial purposes, without systematically downloading, distributing, or retaining substantial portions of information, provided that all copyright and other proprietary notices contained on the materials are retained. The use of software, including scripts, agents, or robots, is generally prohibited and may result in the loss of access to these resources for the entire European University Institute community
Isbn
9783319440583
Level of compression
uncompressed
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1007/978-3-319-44058-3
Other physical details
50 illustrations, 6 illustrations in color.
Quality assurance targets
absent
Reformatting quality
access
Specific material designation
remote
System control number
(OCoLC)958984687

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