Econophysics Of Agent Based Models
Download Econophysics Of Agent Based Models full books in PDF, epub, and Kindle. Read online free Econophysics Of Agent Based Models ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Econophysics of Agent-Based Models
Author | : Frédéric Abergel |
Publisher | : Springer Science & Business Media |
Total Pages | : 301 |
Release | : 2013-09-07 |
Genre | : Science |
ISBN | : 3319000233 |
Download Econophysics of Agent-Based Models Book in PDF, Epub and Kindle
The primary goal of this book is to present the research findings and conclusions of physicists, economists, mathematicians and financial engineers working in the field of "Econophysics" who have undertaken agent-based modelling, comparison with empirical studies and related investigations. Most standard economic models assume the existence of the representative agent, who is “perfectly rational” and applies the utility maximization principle when taking action. One reason for this is the desire to keep models mathematically tractable: no tools are available to economists for solving non-linear models of heterogeneous adaptive agents without explicit optimization. In contrast, multi-agent models, which originated from statistical physics considerations, allow us to go beyond the prototype theories of traditional economics involving the representative agent. This book is based on the Econophys-Kolkata VII Workshop, at which many such modelling efforts were presented. In the book, leading researchers in their fields report on their latest work, consider recent developments and review the contemporary literature.
Econophysics of Agent-Based Models Related Books
Pages: 301
Pages: 261
Pages: 371
Pages: 219
Pages: 419