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

By Romulus-Catalin Damaceanu

"Agent-based Computational Economics utilizing NetLogo" explores how researchers can create, use and enforce multi-agent computational versions in Economics by utilizing NetLogo software program platform. difficulties of financial technology will be solved utilizing multi-agent modelling (MAM). this system makes use of a working laptop or computer version to simulate the activities and interactions of independent entities in a community, for you to learn the results at the whole financial system. MAM combines parts of online game idea, complicated structures, emergence and evolutionary programming. The Monte Carlo technique is additionally 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 to recreate and expect complicated fiscal phenomena.
This publication explains the subject in a scientific demeanour, beginning with an creation for readers consequently through method and implementation utilizing NetLogo. the quantity ends with conclusions in line with the result of the experiments presented.
The booklet is meant as a concise and very important source for economists, utilized mathematicians, social sciences scientists, structures analysts, operations researchers and numerical analysts.

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1972). Stabilite structurelle et Morphogenese. New York: Benjamin Vega-Redondo, F. (1996). Evolution, Games, and Economic Behaviour . Oxford: Oxford University Press Walras, L. (1954). Elements of Pure Economics. J. (1985). An Essay on the Importance of Being Nonlinear. P. (1998). Individual Strategy and Social Structure. C. (1977). Catastrophe Theory: Selected Papers (1972-1977). : Addison-Wesley Reading CHAPTER 2 The Multi Agent-Based Computational Model of an Artificial Economy Abstract: In this chapter, we describe the multi agent-based computational model of an artificial economy and proceed to the conceptual validation process by describing the observer O with its parameters, variables, procedures and sub-agents Ti and Pxy.

999} prit: = a random value from the set {1,23} rsit: = 1 seit: = a random value from the set {1,23} msit: = 0 Step 2. ,999} hait = 0 mpit = Ф (iv) Sub-agents PRi, COi: First type of sub-agents, PRi are the producers that buy resources from consumers COi and try to sell the products obtained after processing these resources. ,n}. 1,1]; rmit - the amount of raw materials pdit - the amount of production prit - the price of product rsit - the price of resources (raw materials) seit - the amount of production sold tsit - the total amount of products sold msit - the value of market share (iii) Procedures: ProcessResources, ComputeProfit.

Fig. ), raw materials, products, and workers to output raw materials and products that are re-entered as inputs in the next economic cycle of reproduction. In comparison with (Fig. 1) we simply substitute equation-based models with agent-based models of economic systems, defined as follows: let P be some set of properties, R - a set of relationships, M - a set of objects. If on M there is a set of relations R, M is not necessarily a system. Objects M form a system only if the objects M carry out a set of relationships that we are interested for our scientific research.

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

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