Standardization for Agent-based Modeling in Economics
By combining the general characteristics of economic system and economic agents with methodologies of multi-agent system analysis and development in the scope of software engineering and computer science, this work proposes an integrative framework that provides standardization for agent-based modeling in economics. This framework serves as a standard for analyzing from `bottom-up' the economic system that embeds with the properties of complexity in structure, heterogeneity in agents' beliefs, and interactions among agents' behaviors. It serves as a guidance on designing a standardized agent-based model for economic system. This standardized agent-based model works as the system model of economic system that can be used and reused among interdisciplinary research across economists and computer scientists.
|Date of creation:||04 Jun 2013|
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- Battiston, Stefano & Gatti, Domenico Delli & Gallegati, Mauro & Greenwald, Bruce & Stiglitz, Joseph E., 2012.
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"Liaisons dangereuses: Increasing connectivity, risk sharing, and systemic risk,"
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- Stefano Battiston & Domenico Delli Gatti & Mauro Gallegati & Bruce C. Greenwald & Joseph E. Stiglitz, 2009. "Liaisons Dangereuses: Increasing Connectivity, Risk Sharing, and Systemic Risk," NBER Working Papers 15611, National Bureau of Economic Research, Inc.
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