Advances in Artificial Economics The Economy as a Complex Dynamic System /

• Corporate Author: SpringerLink (Online service)
• Other Authors: Bruun, Charlotte (Editor)
• Format: Electronic eBook
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg, 2006.
• Series: Lecture Notes in Economics and Mathematical Systems, 584
• Subjects: Computer science.; Finance.; Application software.; Game theory.; Statistical physics.; Dynamical systems.; Economic theory.; Computer Science.; Computer Appl. in Social and Behavioral Sciences.; Economic Theory/Quantitative Economics/Mathematical Methods.; Statistical Physics, Dynamical Systems and Complexity.; Game Theory, Economics, Social and Behav. Sciences.; Finance, general.
• Physical Description: XVI, 296 p. 93 illus. online resource.
• ISBN: 9783540372493
• ISSN: 0075-8442 ;

Perceiving the economy as a complex dynamic system, generates a need for new tools for its study. As a constructive simulation method, Agent-Based Computational Economics (ACE) has in recent years proven its strength and extensive applicability. Fields of study are widely spread within economics, with a cluster around financial markets. This book is based on communications given at AE’2006 (Aalborg, Denmark) – the second symposium on Artificial Economics, and covers both wellknown questions of economics, like the existence of market efficiency, as well as new questions raised by the new tools, for example questions related to networks of social interaction.