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Managing Market Complexity: The Approach of Artificial Economics

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Managing Market Complexity: The Approach of Artificial Economics - Teglio, Andrea (Editor), and Alfarano, Simone (Editor), and Camacho-Cuena, Eva (Editor)
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The field of artificial economics (AE) embraces a broad range of methodologies relying on computer simulations in order to model and study the complexity of economic and social phenomena. The overarching principle of AE is the analysis of aggregate properties of artificial economies populated by adaptive agents that are equipped with behavioural rules and specific individual targets. These aggregate properties are neither foreseen nor intended by the artificial agents; conversely they are emerging characteristics of such ...

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Managing Market Complexity: The Approach of Artificial Economics 2012, Springer-Verlag Berlin and Heidelberg GmbH & Co. K, Berlin

ISBN-13: 9783642313004

2013 edition

Paperback