Econophysics of Agent-Based Models

  • Frédéric Abergel
  • Hideaki Aoyama
  • Bikas K. Chakrabarti
  • Anirban Chakraborti
  • Asim Ghosh
Part of the New Economic Windows book series (NEW)

Table of contents

  1. Front Matter
    Pages I-VIII
  2. Agent-Based Models

    1. Front Matter
      Pages 1-1
    2. Asim Ghosh, Anindya S. Chakrabarti, Anjan Kumar Chandra, Anirban Chakraborti
      Pages 99-129
    3. Krishanu Roy Chowdhury, Asim Ghosh, Soumyajyoti Biswas, Bikas K. Chakrabarti
      Pages 131-143
  3. Miscellaneous

    1. Front Matter
      Pages 145-145
    2. Matthieu Cristelli, Andrea Tacchella, Luciano Pietronero
      Pages 147-159
    3. Hideaki Aoyama
      Pages 219-228
    4. Mirta B. Gordon, Jean-Pierre Nadal, Denis Phan, Viktoriya Semeshenko
      Pages 229-232
  4. Discussions and Commentary on Econophysics

    1. Front Matter
      Pages 233-233
    2. Kishore C. Dash
      Pages 235-285
    3. Asim Ghosh, Anindya S. Chakrabarti
      Pages 287-297
    4. Hideaki Aoyama
      Pages 299-302

About these proceedings

Introduction

The primary goal of this book is to present the research findings and conclusions of physicists, economists, mathematicians and financial engineers working in the field of "Econophysics" who have undertaken agent-based modelling, comparison with empirical studies and related investigations.
Most standard economic models assume the existence of the representative agent, who is “perfectly rational” and applies the utility maximization principle when taking action. One reason for this is the desire to keep models mathematically tractable: no tools are available to economists for solving non-linear models of heterogeneous adaptive agents without explicit optimization. In contrast, multi-agent models, which originated from statistical physics considerations, allow us to go beyond the prototype theories of traditional economics involving the representative agent. This book is based on the Econophys-Kolkata VII Workshop, at which many such modelling efforts were presented. In the book, leading researchers in their fields report on their latest work, consider recent developments and review the contemporary literature.

Keywords

Agent Based Modelling Agent-based Models Complex Systems Econophys-Kolkata VII Econophysics Reviewed Multi-agent Modelling Multi-agent Models

Editors and affiliations

  • Frédéric Abergel
    • 1
  • Hideaki Aoyama
    • 2
  • Bikas K. Chakrabarti
    • 3
  • Anirban Chakraborti
    • 4
  • Asim Ghosh
    • 5
  1. 1.École Centrale Paris Lab. Mathematics Applied to SystemsChâtenay-MalabryFrance
  2. 2.Kyoto University Department of PhysicsKyotoJapan
  3. 3.Saha Institute of Nuclear PhysicsKolkataIndia
  4. 4.AppliquéesÉcole Centrale Paris Lab. Mathematics Applied to SystemsChâtenay-MalabryFrance
  5. 5.Saha Institute of Nuclear Physics TCMPKolkataIndia

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-00023-7
  • Copyright Information Springer International Publishing Switzerland 2014
  • Publisher Name Springer, Cham
  • eBook Packages Physics and Astronomy
  • Print ISBN 978-3-319-00022-0
  • Online ISBN 978-3-319-00023-7
  • Series Print ISSN 2039-411X
  • Series Online ISSN 2039-4128
  • About this book