Economics as an Agent-Based Complex System
Toward Agent-Based Social Systems Sciences| By: | H. Deguchi |
| Publisher: | Springer Nature |
| Print ISBN: | 9784431209850 |
| eText ISBN: | 9784431539575 |
| Edition: | 0 |
| Copyright: | 2004 |
| Format: | Page Fidelity |
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In agent-based modeling the focus is very much on agent-based simulation, as simulation is a very important tool for agent-based modeling. We also use agent-based simulation in this book with a stress on the mathematical foundation of agent-based modeling. We introduce two original mathematical frameworks, a theory of SLD (Social Learning Dynamics) and an axiomatic theory of economic exchange (Exchange Algebra) among agents. Exchange algebra gives bottom-up reconstruction of SNA (System of National Accountings). SLD provides the concept of indirect control of socio-economic systems to manage structural change and its stability. We also compare agent-based simulation with gaming simulation and investigate the epistemological foundation of agent-based modeling.