Agent-based computational economics: how the idea originated and where it is going
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
London ; New York
Routledge
2016
|
| Series: | Routledge advances in experimental and computable economics
8 |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | XX, 507 S. Illustrationen, Diagramme |
| ISBN: | 9780415614887 |
Staff View
MARC
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Record in the Search Index
| _version_ | 1804148814690385920 |
|---|---|
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List of figures ;Wv ;rV‘i i Ai : 4՛; - ;iV4 ; xiii
, List of tables y}}·· xvi
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PARTI
Ideas and structures of the book ՝ ï
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1 Economies in an interdisciplinary context 3
v 1.1 ; The interdisciplinary framework S^l՝·՛ ^՝mm
1.2 Ôrganizdtionof the book 6 ՝
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2.1 WhatUit? PI
2.2 Why? 15
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PART D
Origiils of ACE
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31
3 The marketsorigin
3.1 Agent-based modeling ofthe tâtonnement process ^34
3.2 Agent-based modeling of the non-tâtonnement pweess 38
3.3 Auctions 60 M՜? v··:՛-.* ïr+ MMysm ՝*
3.4 McKmecôhèmics *71 . S
3.5 Interactingheterogeneôusagents 83 - ^
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Cellularautomata r-r:^ y:y ՝::W h rvM M 88
4.1 Ségrégation 89 4 M Vn/w1 - 4
4.2 Game of Life 92 ՛ :! ֊ yy- -yt ՝4 =1*ïr V/M;.՜ ՝ 4’
4.3 Elementary cellular automata 94 - V- ՝ V 4 b mhv .
viii Contents
4.4 Opinion dynamics and market sentiment 99
4.5 Other physics-oriented agent-based models 108
4.6 Further explorations 109
5 Economic tournament origin
5.1 Novelty-discovering agents 113
5.2 Tournament-based economic analysis 114
5.3 Automated open tournaments 116
5.4 Concluding remarks 119
113
6 Agent-based modeling of economic experiments
6.1 Agent-based modeling of cobweb experiments 122
6.2 Agent-based modeling of inflation experiments 128
6.3 Agent-based modeling of foreign exchange experiments 136
6.4 Concluding remarks 142
121
PART III
Designing artificial economic agents
145
7 Calibrated artificial agents
147
7.1 Challenges proposed 147
7.2 N-armed bandit problem 149
7.3 Reinforcement learning: Arthur s version 149
7.4 Early experiments on learning and choice-making 151
7.5 Concluding remark 155
8 Zero-intelligence agents in the DA markets 156
8.1 Principles beyond calibration 156
8.2 Double auction markets and experiments 157
8.3 Gode-Sunder model 157
8.4 Near zero-intelligence agents 159
8.5 Simplicity, intelligence, and randomness 160
8.6 Concluding remarks 163
9 Autonomous agents in the DA markets 165
9.1 Programmed agents and autonomous agents 165
9.2 Santa Fe double auction markets 167
9.3 Andrews—P rager model 176
9.4 AIE-DA tournaments 180
9.5 U-Mart 186
9.6 Wisdom of crowds 186
9.7 Further explorations 191
Contents ix
PART IV
Computational intelligence 193
10 Reinforcement learning 195
10.1 The th ree-parameter Roth-Ever model 196
10.2 Generalized reinforcement learning 198
10.3 Level-k reasoning and sophisticated EWA 202
10.4 Regime-switching agents 205
11 Fuzzy logic and rough sets 207
11.1 Fuzzy logic 207
11.2 Rough sets 209
12 Artificial neural networks 211
12.1 Multilayer perceptron neural networks 211
12.2 Radial basis network 213
12.3 Recurrent neural networks 214
12.4 Auto-associative neural networks 216
12.5 Support vector machines 219
12.6 Self-organizing maps and k-means 221
12.7 K nearest neighbors 224
12.8 Instance-based learning 225
12.9 Finite state automata 227
12.10 Decision trees 231
12.11 Further study 233
13 Evolutionary computation 237
13.1 Tools for evolutionary economics 237
13.2 Evolutionary strategies 239
13.3 Evolutionary programming 241
13.4 Genetic programming and genetic algorithms 242
PART V
Agent-based financial markets 251
14 Artificial financial markets with programmed
agents 253
14.1 Few-type design 254
14.2 Many-type designs 258
14.3 Illustrations 260
14.4 A mesoscopic approach to complex dynamics 261
14.5 Market fraction hypothesis 266
x Contents
15 Artificiai financial markets with autonomous
agents
15.1 Genetic algorithms 275
152 Classifier system 277
¡5.3 Genetic programming and autonomous agents 271
15.4 A rtificial stock markets 2 78
16 Empiricaliy based agent-based models
¡6.1 Financial stylized facts 285
¡6.2 Presenting agent-based economics with
econometrics 292
¡6.3 Building ACE with econometrics 297
¡6.4 How to estimate? 291
16.5 What to estimate ? 301
16.6 Forecasts with agent-based financial models 306
¡6.7 A CE as a foundation of econometrics 307
16.8 Concluding remarks 311
PART VI
Cognitive and psychological agent-based modeling
17 Economic significance of personal traits
17.1 Intelligence, income, and prosperity 317
17.2 Intelligence in experimental economics 317
17.3 Intelligence and risk preference 321
17.4 Intelligence and time preference 322
17.5 Personality and earning capacity 323
17.6 Personality in experimental economics 323
17.7 Culture in experimental economics 325
18 Neuroeconomic agents
18.1 Neuroeconomics: an ACE viewpoint 333
18.2 Preference 334
18.3 Value and choice 337
18.4 Risk 339
18.5 Learning 341
¡8.6 Software agents with neurocognitive dual
system 342
18.7 Agent-based or brain-based? 343
19 Cognitive agents
19.1 Introduction: heterogeneity and
hierarchy 345
275
285
315
317
333
345
19.2 Heterogeneity 347 Contents xi
19.3 Cognitive hierarchy 351
19.4 Concluding remarks 357
19.5 Fu rther study 35 7
20 Culturally sensitive agents 359
20.1 Evolutionary models of cultures 360
20.2 Culturally based behavioral rules 360
20.3 Culturally based preference 361
21 Agent-based lottery market 363
21.1 Behavioral institutional economics 363
21.2 Lottery market designs 364
21.3 Lottery tax rates 369
21.4 Simulation 371
21.5 Agent-based modeling and policy design 372
21.6 Further exploration 373
PART Vn
Networks 375
22 Graphs and social networks 377
22.1 Origin in sociology 378
22.2 Origin in mathematics: graphs 380
22.3 Network formation: sociophysical
models 380
22.4 Networks in economics 386
22.5 Network formation: agent-based models 388
22.6 Further reading 394
PART VIII
Economics of changes 397
23 Agent-based modular economy 401
23.1 Twin assumptions of the modular
economy 402
23.2 Preference and utility function 410
23.3 Firms behavior 418
23.4 Markets 423
23.5 ModularEcon: a demonstration 427
23.6 Innovation 430
23.7 Further explorations 435
xii Contents
24 Epilogue 439
24.1 The Simon hierarchy 440
24.2 The Chomsky hierarchy 446
24.3 Challenges ahead 450
Bibliography 451
index 500
|
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| id | DE-604.BV039872627 |
| illustrated | Illustrated |
| indexdate | 2024-07-10T00:13:07Z |
| institution | BVB |
| isbn | 9780415614887 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-024731917 |
| oclc_num | 762989268 |
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| owner_facet | DE-703 DE-945 DE-521 DE-473 DE-BY-UBG DE-11 |
| physical | XX, 507 S. Illustrationen, Diagramme |
| publishDate | 2016 |
| publishDateSearch | 2016 |
| publishDateSort | 2016 |
| publisher | Routledge |
| record_format | marc |
| series | Routledge advances in experimental and computable economics |
| series2 | Routledge advances in experimental and computable economics |
| spelling | Chen, Shu-Heng 1959- Verfasser (DE-588)121139662 aut Agent-based computational economics how the idea originated and where it is going Shu-Heng Chen London ; New York Routledge 2016 XX, 507 S. Illustrationen, Diagramme txt rdacontent n rdamedia nc rdacarrier Routledge advances in experimental and computable economics 8 Mehragentensystem (DE-588)4389058-1 gnd rswk-swf Wirtschaftstheorie (DE-588)4079351-5 gnd rswk-swf Agent Informatik (DE-588)4455835-1 gnd rswk-swf Wirtschaftstheorie (DE-588)4079351-5 s Agent Informatik (DE-588)4455835-1 s Mehragentensystem (DE-588)4389058-1 s DE-604 Erscheint auch als Onlineausgabe, ebk 978-1-315-73442-2 Routledge advances in experimental and computable economics 8 (DE-604)BV023283119 8 Digitalisierung UB Bamberg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=024731917&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Chen, Shu-Heng 1959- Agent-based computational economics how the idea originated and where it is going Routledge advances in experimental and computable economics Mehragentensystem (DE-588)4389058-1 gnd Wirtschaftstheorie (DE-588)4079351-5 gnd Agent Informatik (DE-588)4455835-1 gnd |
| subject_GND | (DE-588)4389058-1 (DE-588)4079351-5 (DE-588)4455835-1 |
| title | Agent-based computational economics how the idea originated and where it is going |
| title_auth | Agent-based computational economics how the idea originated and where it is going |
| title_exact_search | Agent-based computational economics how the idea originated and where it is going |
| title_full | Agent-based computational economics how the idea originated and where it is going Shu-Heng Chen |
| title_fullStr | Agent-based computational economics how the idea originated and where it is going Shu-Heng Chen |
| title_full_unstemmed | Agent-based computational economics how the idea originated and where it is going Shu-Heng Chen |
| title_short | Agent-based computational economics |
| title_sort | agent based computational economics how the idea originated and where it is going |
| title_sub | how the idea originated and where it is going |
| topic | Mehragentensystem (DE-588)4389058-1 gnd Wirtschaftstheorie (DE-588)4079351-5 gnd Agent Informatik (DE-588)4455835-1 gnd |
| topic_facet | Mehragentensystem Wirtschaftstheorie Agent Informatik |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=024731917&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV023283119 |
| work_keys_str_mv | AT chenshuheng agentbasedcomputationaleconomicshowtheideaoriginatedandwhereitisgoing |