Get Econophysics of Agent-Based Models (New Economic Windows) PDF

April 5, 2018 admin

By Frédéric Abergel,Hideaki Aoyama,Bikas K. Chakrabarti,Anirban Chakraborti,Asim Ghosh

ISBN-10: 3319000225

ISBN-13: 9783319000220

ISBN-10: 331937480X

ISBN-13: 9783319374802

The basic aim of this publication is to provide the examine findings and conclusions of physicists, economists, mathematicians and fiscal engineers operating within the box of "Econophysics" who've undertaken agent-based modelling, comparability with empirical reviews and comparable investigations.
Most average fiscal versions suppose the lifestyles of the consultant agent, who's “perfectly rational” and applies the application maximization precept while taking motion. One cause of this can be the will to maintain types mathematically tractable: no instruments can be found to economists for fixing non-linear types of heterogeneous adaptive brokers with out specific optimization. against this, multi-agent versions, which originated from statistical physics concerns, let us transcend the prototype theories of conventional economics regarding the consultant agent. This publication is predicated at the Econophys-Kolkata VII Workshop, at which many such modelling efforts have been offered. within the booklet, best researchers of their fields document on their most up-to-date paintings, think about fresh advancements and overview the modern literature.

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