Complexity and Artificial Markets

Download or read book Complexity and Artificial Markets written by Klaus Schredelseker and published by Springer Science & Business Media. This book was released on 2008-07-30 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, agent-based simulation has become a widely accepted tool when dealing with complexity in economics and other social sciences. The contributions presented in this book apply agent-based methods to derive results from complex models related to market mechanisms, evolution, decision making, and information economics. In addition, the applicability of agent-based methods to complex problems in economics is discussed from a methodological perspective. The papers presented in this collection combine approaches from economics, finance, computer science, natural sciences, philosophy, and cognitive sciences.