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Aggregation and Emergence in Agent-Based Models: A Markov Chain Approach

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  • Sven Banisch
  • Ricardo Lima
  • Tanya Araújo

Abstract

We analyze the dynamics of agent-based models (ABMs) from a Markovian perspective and derive explicit statements about the possibility of linking a microscopic agent model to the dynamical processes of macroscopic

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File URL: http://pascal.iseg.utl.pt/~depeco/wp/wp252012.pdf
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Bibliographic Info

Paper provided by Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon. in its series Working Papers with number 2012/25.

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Date of creation: Jul 2012
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Handle: RePEc:ise:isegwp:wp252012

Contact details of provider:
Postal: Department of Economics, School of Economics and Management (ISEG), Technical University of Lisbon, Rua do Quelhas 6, 1200-781 LISBON, PORTUGAL
Web page: https://aquila.iseg.utl.pt/aquila/departamentos/EC

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