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Lecture Notes in Economic and Mathematical Systems

Essays in Agent-Based Economics and Econophysics

By: Akira Namatame (Editor), Taisei Kaizouji (Editor), Yuuji Aruka (Editor)

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Paperback | 14 December 2005

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364 Pages

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23.5 x 15.88 x 1.91

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Understanding the mechanism of a socio-economic system requires more than an understanding of the individuals that comprise the system. It also requires understanding how individuals interact with each other, and how the agg- gated outcome can be more than the sum of individual behaviors. This book contains the papers fostering the formation of an active multi-disciplinary community on socio-economic systems with the exciting new ?elds of age- based modeling and econophysics. We especially intend to increase the awareness of researchers in many ?elds with sharing the common view many economic and social activities as collectives of a large-scale heterogeneous and interacting agents. Economists seek to understand not only how individuals behave but also how the interaction of many individuals leads to complex outcomes. Age- based modeling is a method for studying socio-economic systems exhibiting the following two properties: (1) the system is composed of interacting agents, and (2) the system exhibits emergent properties, that is, properties arising from the interactions of the agents that cannot be deduced simply by agg- gating the properties of the system's components. When the interaction of the agents is contingent on past experience, and especially when the agents continually adapt to that experience, mathematical analysis is typically very limited in its ability to derive the outcome.

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You Can Find This Book In

Non-Fiction Computing & I.T.Business Applications Enterprise Software Economics Economic Theory & Philosophy Computer Science Science Physics Databases Data Capture & Analysis Mathematics

Optimisation Game Theory Reference, Information & Interdisciplinary Subjects Research & Information Information theory Cybernetics & Systems Theory Econometrics

Econophysics
Complex Economic Network
Economic Dynamics
Agent-Based Modeling
Auction and Two-Sided Matching
Minority Games and Collective Intelligence
Game-Theoretic Approach
Table of Contents provided by Publisher. All Rights Reserved.

Lecture Notes in Economic and Mathematical Systems

Essays in Agent-Based Economics and Econophysics

At a Glance

Paperback

Shipping

How to return your order

Defective items

You Can Find This Book In

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