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Emergent Results Of Artificial Economics 1st Edition Matylda Jaboska

  • SKU: BELL-2449662
Emergent Results Of Artificial Economics 1st Edition Matylda Jaboska
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Emergent Results Of Artificial Economics 1st Edition Matylda Jaboska instant download after payment.

Publisher: Springer-Verlag Berlin Heidelberg
File Extension: PDF
File size: 3.62 MB
Pages: 212
Author: Matylda Jabłońska, Tuomo Kauranne (auth.), Sjoukje Osinga, Gert Jan Hofstede, Tim Verwaart (eds.)
ISBN: 9783642211072, 3642211070
Language: English
Year: 2011
Edition: 1

Product desciption

Emergent Results Of Artificial Economics 1st Edition Matylda Jaboska by Matylda Jabłońska, Tuomo Kauranne (auth.), Sjoukje Osinga, Gert Jan Hofstede, Tim Verwaart (eds.) 9783642211072, 3642211070 instant download after payment.

Artificial economics is a computational approach that aims to explain economic systems by modeling them as societies of intelligent software agents. The individual agents make autonomous decisions, but their actual behaviors are constrained by available resources, other individuals' behaviors, and institutions. Intelligent software agents have communicative skills that enable simulation of negotiation, trade, reputation, and other forms of knowledge transfer that are at the basis of economic life. Incorporated learning mechanisms may adapt the agents' behaviors. In artificial economics, all system behavior is generated from the individual agents' simulated decisions; no system level laws are a priori imposed. For instance, price convergence and market clearing may emerge, but not necessarily. Thus, artificial economics facilitates the study of the mechanisms that make the economy function. This book presents a selection of peer-reviewed papers addressing recent developments in this field between economics and computer science.

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