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Agent-Based Modelling in Economics
Lynne Hamill
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Description for Agent-Based Modelling in Economics
Hardcover. Agent-based modelling in economics Lynne Hamill and Nigel Gilbert, Centre for Research in Social Simulation (CRESS), University of Surrey, UK New methods of economic modelling have been sought as a result of the global economic downturn in 2008. Num Pages: 256 pages. BIC Classification: KCA. Category: (P) Professional & Vocational. .
Agent-based modelling in economics Lynne Hamill and Nigel Gilbert, Centre for Research in Social Simulation (CRESS), University of Surrey, UK New methods of economic modelling have been sought as a result of the global economic downturn in 2008.This unique book highlights the benefits of an agent-based modelling (ABM) approach. It demonstrates how ABM can easily handle complexity: heterogeneous people, households and firms interacting dynamically. Unlike traditional methods, ABM does not require people or firms to optimise or economic systems to reach equilibrium. ABM offers a way to link micro foundations directly to the macro situation. Key features: * Introduces the ... Read more
Agent-based modelling in economics Lynne Hamill and Nigel Gilbert, Centre for Research in Social Simulation (CRESS), University of Surrey, UK New methods of economic modelling have been sought as a result of the global economic downturn in 2008.This unique book highlights the benefits of an agent-based modelling (ABM) approach. It demonstrates how ABM can easily handle complexity: heterogeneous people, households and firms interacting dynamically. Unlike traditional methods, ABM does not require people or firms to optimise or economic systems to reach equilibrium. ABM offers a way to link micro foundations directly to the macro situation. Key features: * Introduces the ... Read more
Product Details
Publisher
John Wiley & Sons Inc
Format
Hardback
Publication date
2016
Condition
New
Weight
502 g
Number of Pages
256
Place of Publication
New York, United States
ISBN
9781118456071
SKU
V9781118456071
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-50
About Lynne Hamill
Nigel Gilbert, Professor of Sociology and Director of CRESS, University of Surrey, UK. Lynne Hamill, Centre of Research in Social Simulation (CRESS), University of Surrey, UK.
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