Agent-Based Computational Economics: Overview and Brief History

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dc.contributor.author Tesfatsion, Leigh
dc.contributor.department Economics
dc.date 2021-03-30T14:57:21.000
dc.date.accessioned 2021-04-30T00:54:28Z
dc.date.available 2021-04-30T00:54:28Z
dc.date.embargo 2021-03-30
dc.date.issued 2022-05-12
dc.description.abstract Scientists and engineers seek to understand how real-world systems work and could work better. Any modeling method devised for such purposes must simplify reality. Ideally, however, the modeling method should be flexible as well as logically rigorous; it should permit model simplifications to be appropriately tailored for the specific purpose at hand. Flexibility and logical rigor have been the two key goals motivating the development of Agent-based Computational Economics (ACE), a completely agent-based modeling method characterized by seven specific modeling principles. This perspective provides an overview of ACE, a brief history of its development, and its role within a broader spectrum of experiment-based modeling methods.
dc.format.mimetype application/pdf
dc.identifier archive/lib.dr.iastate.edu/econ_workingpapers/126/
dc.identifier.articleid 1125
dc.identifier.contextkey 22245699
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath econ_workingpapers/126
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/104713
dc.relation.ispartofseries 21004
dc.source.bitstream archive/lib.dr.iastate.edu/econ_workingpapers/126/21004.pdf|||Tue Mar 30 14:57:21 UTC 2021
dc.source.bitstream archive/lib.dr.iastate.edu/econ_workingpapers/126/21004_revision.pdf|||Fri Jan 14 19:25:47 UTC 2022
dc.subject.disciplines Econometrics
dc.subject.disciplines Economic Theory
dc.subject.disciplines Numerical Analysis and Scientific Computing
dc.subject.disciplines Theory and Algorithms
dc.subject.keywords Completely agent-based modeling (c-ABM)
dc.subject.keywords agent-based computational economics (ACE)
dc.subject.keywords experiment-based modeling methods
dc.title Agent-Based Computational Economics: Overview and Brief History
dc.type article
dc.type.genre article
dspace.entity.type Publication
relation.isAuthorOfPublication 1b45fd18-54a5-46e7-a853-62262cd64b39
relation.isOrgUnitOfPublication 4c5aa914-a84a-4951-ab5f-3f60f4b65b3d
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