Complex Systems in Finance and Econometrics

2011 Edition
| Editors: Robert A. Meyers (Editor-in-Chief)

Agent Based Models in Economics and Complexity

  • Mauro Gallegati
  • Matteo G. Richiardi
Reference work entry
DOI: https://doi.org/10.1007/978-1-4419-7701-4_3

Article Outline

Glossary

Definition of the Subject

Introduction

Some Limits of the Mainstream Approach

The Economics of Complexity

Additional Features of Agent-Based Models

An Ante Litteram Agent-Based Model: Thomas Schelling's Segregation Model

The Development of Agent-Based Modeling

A Recursive System Representation of Agent-Based Models

Analysis of Model Behavior

Validation and Estimation

The Role of Economic Policy

Future Directions

Bibliography

Keywords

Price Vector Micro Model Artificial Data Mainstream Economic Dynamic Stochastic General Equilibrium 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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Copyright information

© Springer-Verlag 2009

Authors and Affiliations

  • Mauro Gallegati
    • 1
  • Matteo G. Richiardi
    • 1
    • 2
  1. 1.Università Politecnica delle MarcheAnconaItaly
  2. 2.Collegio Carlo Alberto – LABORatorio R. RevelliMoncalieriItaly