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Econophysics of Agent-based Models, Paperback by Abergel, Frédéric (EDT); Aoy...

Description: Econophysics of Agent-based Models, Paperback by Abergel, Frédéric (EDT); Aoyama, Hideaki (EDT); Chakrabarti, Bikas K. (EDT); Chakraborti, Anirban (EDT); Ghosh, Asim (EDT), ISBN 331937480X, ISBN-13 9783319374802, Like New Used, Free P&P in the UK The primary goal of this book is to present the research findings and conclusions of physicists, economists, mathematicians and financial engineers working in the field of "Econophysics" who have undertaken agent-based modelling, comparison with empirical studies and related investigations. Most standard economic models assume the existence of the representative agent, who is “perfectly rational” and applies the utility maximization principle when taking action. One reason for this is the desire to keep models mathematically tractable: no tools are available to economists for solving non-linear models of heterogeneous adaptive agents without explicit optimization. In contrast, multi-agent models, which originated from statistical physics considerations, allow us to go beyond the prototype theories of traditional economics involving the representative agent. This book is based on the Econophys-Kolkata VII Workshop, at which many such modelling efforts were presented. In th, leading researchers in their fields report on their latest work, consider recent developments and review the contemporary literature.

Price: 125.95 GBP

Location: Castle Donington

End Time: 2024-12-28T03:08:54.000Z

Shipping Cost: 20.32 GBP

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Econophysics of Agent-based Models, Paperback by Abergel, Frédéric (EDT); Aoy...

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Book Title: Econophysics of Agent-based Models

Subject Area: Social Research

Item Height: 235 mm

Item Width: 155 mm

Series: New Economic Windows

Author: Frederic Abergel, Asim Ghosh, Anirban Chakraborti, Bikas K. Chakrabarti, Hideaki Aoyama

Publication Name: Econophysics of Agent-Based Models

Format: Paperback

Language: English

Publisher: Springer International Publishing A&G

Subject: Economics, Biology, Mathematics, Business

Publication Year: 2016

Type: Textbook

Item Weight: 4745 g

Number of Pages: 302 Pages

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