Download e-book for kindle: Agent-based Computational Economics using NetLogo by Romulus-Catalin Damaceanu

By Romulus-Catalin Damaceanu

"Agent-based Computational Economics utilizing NetLogo" explores how researchers can create, use and enforce multi-agent computational types in Economics by utilizing NetLogo software program platform. difficulties of monetary technology should be solved utilizing multi-agent modelling (MAM). this method makes use of a working laptop or computer version to simulate the activities and interactions of independent entities in a community, that allows you to research the consequences at the complete economic climate. MAM combines components of online game thought, complicated platforms, emergence and evolutionary programming. The Monte Carlo approach can also be utilized in this booklet to introduce random parts. The eleven types awarded during this textual content simulate the simultaneous operations of a number of brokers in an try and recreate and are expecting advanced monetary phenomena.
This ebook explains the subject in a scientific demeanour, beginning with an creation for readers accordingly by means of technique and implementation utilizing NetLogo. the quantity ends with conclusions in response to the result of the experiments presented.
The ebook is meant as a concise and very important source for economists, utilized mathematicians, social sciences scientists, platforms analysts, operations researchers and numerical analysts.

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Extra info for Agent-based Computational Economics using NetLogo

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The second set is Ik = (IO, ITi, IPxy), where IO are the initializations of O, where ITi are the initializations of Ti and IPxy are the initializations of Pxy - see Tables 1-5, and the third set is Ri = (rs, m, n), where: - rs = {0, -1, 1, -2, 2} is the seed of pseudorandom generator used by NetLogo. The seed may be any integer in the range supported by NetLogo (-9007199254740992 to 9007199254740992). In the context of scientific modeling, pseudo-random numbers are actually desirable. , 100} is the number of producers.

The bases of chaos theory were put by Lorenz (1963), Smale (1967), Mandelbrot (1982), and Mandelbrot (1989). Haken (1977, 1983) integrated these two theories by creating the synergetic theory in close relation with Prigogine (1980) theory of dissipative structures. Economics are in natural continual evolution regarding as science. Regarding this aspect, West (1985) has distinguished five stages of scientific progress: (i) The verbal description of the subject and the logic of problem; (ii) The formal identification of problem and quantification of mathematical relations; (iii) Taking into account the dynamic aspects of mathematical model under the form of linear dynamic models; (iv) The reconsideration of the basic scientific principles by including some nonlinear aspects in dynamic models; (v) The development of new complete nonlinear dynamic models able to explain all the possible phenomena described in the first stage.

Validating Simulation Models: A General Framework and Four Applied Examples. Computational Economics, 30, 265-290 Marshall, A. (1923). Money, Credit, and Commerce. , Ltd. G. (1982). An Evolutionary Theory of Economic Change. R. (1995). Recent Evolutionary Theorizing About Economic Change. Journal of Economic Literature, 33, 48-90 Neumann, J. (1966). Theory of Self-Reproducing Automata. E. (1997). On Incentives and Updating in Agent Based Models. Computational Economics, 10, 67-87 Pareto, V. (1935).

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Agent-based Computational Economics using NetLogo by Romulus-Catalin Damaceanu

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