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Simulations, Theory And Experiments. Notes From An Historical Perspective

In: Industry And Labor Dynamics The Agent-Based Computational Economics Approach

Author

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  • MARCO NOVARESE

    (Centre for Cognitive Economics; Università del Piemonte Orientale, Alessandria, Italy)

Abstract

This paper aims at presenting the methodological approach to simulations, proposed at the beginning of the sixties by a group of scholars of the Carnegie Mellon University. This approach can be defined cognitive and behavioural, because of the attention to real perception and decision-making and to the role assigned to learning processes. One of the main points of departure is constituted by the wish to relay on more realistic assumptions, as a condition for better an understanding and forecast of the reality. Simulations are seen as the most important, even if not unique, way to model the resulting complexity.

Suggested Citation

  • Marco Novarese, 2004. "Simulations, Theory And Experiments. Notes From An Historical Perspective," World Scientific Book Chapters, in: Roberto Leombruni & Matteo Richiardi (ed.), Industry And Labor Dynamics The Agent-Based Computational Economics Approach, chapter 3, pages 22-42, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812702258_0003
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    Cited by:

    1. Timon Scheuer, 2018. "Computational Agents, Design and Innovative Behaviour: Hetero Economicus," Economic Thought, World Economics Association, vol. 7(2), pages 82-96, November.

    More about this item

    Keywords

    Simulation; Agent-Based; Computational Economics; Labor; Industrial Dynamics; Innovation; Cluster; Firm Behavior;
    All these keywords.

    JEL classification:

    • C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs
    • C9 - Mathematical and Quantitative Methods - - Design of Experiments

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