Agent-Based Modelling in Economics Contributor(s): Hamill, Lynne (Author), Gilbert, Nigel (Author) |
|
![]() |
ISBN: 1118456076 ISBN-13: 9781118456071 Publisher: Wiley OUR PRICE: $68.35 Product Type: Hardcover - Other Formats Published: January 2016 |
Additional Information |
BISAC Categories: - Business & Economics | Economics - General - Social Science | Statistics |
Dewey: 330.01 |
LCCN: 2015041913 |
Physical Information: 0.7" H x 6" W x 9" (0.95 lbs) 256 pages |
Descriptions, Reviews, Etc. |
Publisher Description: 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
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.
|