IDEAS home Printed from https://ideas.repec.org/p/sce/scecf0/170.html
   My bibliography  Save this paper

Foundational Problems Of Simulation Approaches To Economics Exemplified Through Swarm Models

Author

Listed:
  • Charlotte Bruun

    (University of Aalborg)

Abstract

That there are foundational problems involved in simulation approaches to economics can hardly come as a surprise to the reader. Some of these problems are inherited from economics but are exposed anew when a simulation approach is chosen, and computability required. These are problems as defining value and the purpose of economic activity and handling uncertainty. Other problems are related to simulation rather than economics. Simulation models within all sciences bear the risk of becoming "one damned thing after another" as Putnam has phrased it, i.e. there is a problem of disciplining or anchoring a science that makes use of synthesis as its central method.One way of overcoming part of the simulation related foundational problems, is by increasing communication between modelers and making it easier to replicate models and to reuse programming code. Developing and understanding simulation models would be much easier if we had a few well-tried trade algorithms, bankruptcy algorithms etc. to use and refer to. Obtaining such advantages has been one of the goals of the Swarm platform.The purpose of the presented paper is to identify foundational problems of simulation approaches to economics, originating from economics as well as simulation, and go through a group of economic Swarm models to see how these problems are dealt with by each individual model. Next, the purpose is to look for elements that may be standardized for common use. A more superior purpose, or hope, is to contribute to increased communication between Swarm modelers.

Suggested Citation

  • Charlotte Bruun, 2000. "Foundational Problems Of Simulation Approaches To Economics Exemplified Through Swarm Models," Computing in Economics and Finance 2000 170, Society for Computational Economics.
  • Handle: RePEc:sce:scecf0:170
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sce:scecf0:170. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher F. Baum). General contact details of provider: http://edirc.repec.org/data/sceeeea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.