Complexity and Artificial Markets

Complexity and Artificial Markets

Author
Klaus Schredelseker, Florian Hauser
Publication Year
2008
Publisher
Springer
Language
English
Document Type
Book
Faculty / Subject Heading
Business Administration

In recent years, agent-based simulation has become a widely accepted tool when dealing with complexity in economics and other social sciences. The contributions presented in this book apply agent-based methods to derive results from complex models related to market mechanisms, evolution, decision making, and information economics. In addition, the applicability of agent-based methods to complex problems in economics is discussed from a methodological perspective. The papers presented in this collection combine approaches from economics, finance, computer science, natural sciences, philosophy, and cognitive sciences.


Keywords: Business and Economics / Agent-based Modelling / Artificial Markets / Computer / Computer Simulations / Simulation / Complexity / Computer science