Read e-book online Agent-based Computational Economics using NetLogo PDF

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 could 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, to be able to study the results at the complete financial system. MAM combines parts of video game concept, complicated structures, emergence and evolutionary programming. The Monte Carlo strategy is usually utilized in this booklet to introduce random parts. The eleven types provided during this textual content simulate the simultaneous operations of numerous brokers in an try and recreate and are expecting complicated fiscal phenomena.
This publication explains the subject in a scientific demeanour, beginning with an creation for readers for that reason via technique and implementation utilizing NetLogo. the amount ends with conclusions according to the result of the experiments presented.
The publication 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

Sample text

Figure 5: The elements of producers PRi. Figure 6: The elements of consumers COi. 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.

Monte Carlo method is used to introduce random elements. The models simulate the simultaneous operations of several agents in an attempt to recreate and predict complex economic phenomena. The process is one that starts emerging from the micro to macroeconomic level. Individual agents are presumed to act in what they perceive as their own interest such as reproduction, economic benefit, social status, provided that their awareness is limited. NetLogo is a software platform designed by Uri Wilensky in the year 1999.

Growing Artificial Societies: Social Science from the Bottom Up. , Gabriele, R. (2004). Matching, Bargaining, and Wage Setting in an Evolutionary Model of Labor Market and Output Dynamics. Advances in Complex Systems, 14, 237-273. Gardner, M. (1970). Mathematical Games - The fantastic combinations of John Conway's new solitaire game "life". , & Terna, P. (2000). How to build and use agent-based models in social science. , Nooteboom, B. (2006). Adaptive Build-up and Breakdown of Trust: An Agent Based Computational Approach.

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

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