New Economic Windows

Econophysics of Agent-Based Models

Editors: Abergel, F., Aoyama, H., Chakrabarti, B.K., Chakraborti, A., Ghosh, A. (Eds.)

  • Comment and debate on the latest issues in the field
  • Reports on recent research and reviews of contemporary developments
  • Written by leading scientists from all over the world
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About this book

The primary goal of this book is to present the research findings and conclusions of physicists, economists, mathematicians and financial engineers working in the field of "Econophysics" who have undertaken agent-based modelling, comparison with empirical studies and related investigations.
Most standard economic models assume the existence of the representative agent, who is “perfectly rational” and applies the utility maximization principle when taking action. One reason for this is the desire to keep models mathematically tractable: no tools are available to economists for solving non-linear models of heterogeneous adaptive agents without explicit optimization. In contrast, multi-agent models, which originated from statistical physics considerations, allow us to go beyond the prototype theories of traditional economics involving the representative agent. This book is based on the Econophys-Kolkata VII Workshop, at which many such modelling efforts were presented. In the book, leading researchers in their fields report on their latest work, consider recent developments and review the contemporary literature.

About the authors

Anirban Chakraborti
UrRL: http://fiquant.mas.ecp.fr/chakraboa

Frédéric Abergel
1992 Habilitation à diriger des recherches, département de Mathématiques,
Université Paris XI
1986 PhD in Mathematics, Université Paris XI and École Normale
Supérieure
1981-1985 École Normale Supérieure

Bikas K. Chakrabarti
http://www.saha.ac.in/cmp/bikask.chakrabarti/bikas.html

Reviews

From the book reviews:

“The book is loosely divided into three sections. … At their best, econophysics papers provide new insights into social science problems and new modeling technologies. … I do think that agent-based modelers, particularly those who deal with others in the natural sciences from time to time, may find it a useful update on where this field is and where it is going. It does have something to say to those of us in this community.” (Blake LeBaron, Journal of Economic Literature, Vol. 52 (3), September, 2014)

Table of contents (16 chapters)

  • Agent-Based Modeling of Zapping Behavior of Viewers, Television Commercial Allocation, and Advertisement Markets

    Kyan, Hiroyuki (et al.)

    Pages 3-26

  • Agent-Based Modeling of Housing Asset Bubble: A Simple Utility Function Based Investigation

    Gangopadhyay, Kausik (et al.)

    Pages 27-44

  • Urn Model-Based Adaptive Multi-arm Clinical Trials: A Stochastic Approximation Approach

    Laruelle, Sophie (et al.)

    Pages 45-59

  • Logistic Modeling of a Religious Sect Cult and Financial Features

    Ausloos, Marcel

    Pages 61-82

  • Characterizing Financial Crisis by Means of the Three States Random Field Ising Model

    Murota, Mitsuaki (et al.)

    Pages 83-98

Buy this book

eBook $149.00
price for USA (gross)
  • ISBN 978-3-319-00023-7
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $199.00
price for USA
  • ISBN 978-3-319-00022-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $199.00
price for USA
  • ISBN 978-3-319-37480-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Rent the ebook  
  • Rental duration: 1 or 6 month
  • low-cost access
  • online reader with highlighting and note-making option
  • can be used across all devices
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Bibliographic Information

Bibliographic Information
Book Title
Econophysics of Agent-Based Models
Editors
  • Frédéric Abergel
  • Hideaki Aoyama
  • Bikas K Chakrabarti
  • Anirban Chakraborti
  • Asim Ghosh
Series Title
New Economic Windows
Copyright
2014
Publisher
Springer International Publishing
Copyright Holder
Springer International Publishing Switzerland
eBook ISBN
978-3-319-00023-7
DOI
10.1007/978-3-319-00023-7
Hardcover ISBN
978-3-319-00022-0
Softcover ISBN
978-3-319-37480-2
Series ISSN
2039-411X
Edition Number
1
Number of Pages
VIII, 302
Number of Illustrations and Tables
91 b/w illustrations
Topics