國立高雄大學圖資館 |

Language: English

Back

Complex agent-based models

Gallegati, Mauro.

Complex agent-based models

Record Type:	Electronic resources : Monograph/item
Title/Author:	Complex agent-based modelsby Mauro Gallegati.
Author:	Gallegati, Mauro.
Published:	Cham :Springer International Publishing :2018.
Description:	xiii, 80 p. :ill., digital ;24 cm.
Contained By:	Springer eBooks
Subject:	Econometric models.
Online resource:	https://doi.org/10.1007/978-3-319-93858-5
ISBN:	9783319938585$q(electronic bk.)

Complex agent-based models
Gallegati, Mauro.

Complex agent-based models[electronic resource] /by Mauro Gallegati. - Cham :Springer International Publishing :2018. - xiii, 80 p. :ill., digital ;24 cm. - 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$q(electronic bk.)

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

183244
Econometric models.

LC Class. No.: HB141 / .G355 2018

Dewey Class. No.: 330.015195

Complex agent-based models
LDR:03279nmm a2200349 a 4500 001 544600
003 DE-He213
005 20190312142755.0
006 m d
007 cr nn 008maaau
008 190508s2018 gw s 0 eng d
020 $a 9783319938585$q(electronic bk.)
020 $a 9783319938578$q(paper)
024 7 $a 10.1007/978-3-319-93858-5 $2 doi
035 $a 978-3-319-93858-5
040 $a GP $c GP
041 0 $a eng
050 4 $a HB141 $b .G355 2018
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 330.015195 $2 23
090 $a HB141 $b .G166 2018
100 1 $a Gallegati, Mauro. $3 738912
245 1 0 $a Complex agent-based models $h [electronic resource] / $c by Mauro Gallegati.
260 $a Cham : $b Springer International Publishing : $b Imprint: Springer, $c 2018.
300 $a xiii, 80 p. : $b ill., digital ; $c 24 cm.
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 Econometric models. $3 183244
650 0 $a Economics $x Mathematical models. $3 182938
650 1 4 $a Macroeconomics/Monetary Economics/Financial Economics. $3 737439
650 2 4 $a Heterodox Economics. $3 741898
650 2 4 $a Complex Systems. $3 558544
650 2 4 $a Applications of Nonlinear Dynamics and Chaos Theory. $3 760027
710 2 $a SpringerLink (Online service) $3 273601
773 0 $t Springer eBooks
830 0 $a New economic windows. $3 675590
856 4 0 $u https://doi.org/10.1007/978-3-319-93858-5
950 $a Economics and Finance (Springer-41170)