Economics with Heterogeneous Interacting Agents A Practical Guide to Agent-Based Modeling /

• Corporate Author: SpringerLink (Online service)
• Other Authors: Caiani, Alessandro (Editor), Russo, Alberto (Editor), Palestrini, Antonio (Editor), Gallegati, Mauro (Editor)
• Format: Electronic eBook
• Language: English
• Published: Cham : Springer International Publishing : Imprint: Springer, 2016.
• Series: New Economic Windows,
• Subjects: Computer simulation.; Application software.; Microeconomics.; Macroeconomics.; Economics.; Macroeconomics/Monetary Economics//Financial Economics.; Simulation and Modeling.; Computer Appl. in Social and Behavioral Sciences.

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...

Table of 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.