Economics as an Agent-Based Complex System(English, Hardcover, Deguchi H.)

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Economics as an Agent-Based Complex System(English, Hardcover, Deguchi H.) is written by Deguchi H. and published by Springer Verlag, Japan. It's available with International Standard Book Number or ISBN identification 4431209859 (ISBN 10) and 9784431209850 (ISBN 13).

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.