The MAS Models Use – An Imperative Approach to Build a New Economic Paradigm
Comparing with other sciences, the quantitative success of economic science is disappointing. People fly to the moon, the touch of a simple button can destroy more than half of the world and energy is extracted with the speed of light. During all these developments of science the economic achievements are somewhere near zero. The economists can praise however with the recurrent inability to predict and revaluate the crises and with the ability to create financial innovations. This study aims to present the benefits of the multi agent (MAS) models in the economy. In order to do that this paper intends to demonstrate the need of such models today. Furthermoreare presented some attempts of using multi agent models and concluding with the idea that the economy needs a scientific revolution, and this can be done using multi criteria or multi agent models.
Keywordsmulti agent model heterogeneous agent model financial crises Pareto equilibrium
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