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  • Conference proceedings
  • © 2005

Nonlinear Dynamics and Heterogeneous Interacting Agents

Part of the book series: Lecture Notes in Economics and Mathematical Systems (LNE, volume 550)

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Table of contents (21 papers)

  1. Front Matter

    Pages I-XIII
  2. Learning in Computational and Laboratory Experiments

    1. Expectations Structure in Asset Pricing Experiments

      • Giulio Bottazzi, Giovanna Devetag
      Pages 11-26
  3. Games and Strategic Interactions

    1. Crowd Effects in Competitive, Multi-Agent Populations and Networks

      • Neil F. Johnson, Sehyo C. Choe, Sean Gourley, Timothy Jarrett, Pak Ming Hui
      Pages 55-70
    2. Local Minority Game and Emergence of Efficient Dynamic Order

      • Hiroshi Sato, Akira Namatame
      Pages 71-85
    3. Agents with Heterogeneous Strategies Interacting in a Spatial IPD

      • Frank Schweitzer, Robert Mach, Heinz Mühlenbein
      Pages 87-102
  4. Innovation, Networks and Learning Dynamics

    1. On Novelty and Heterogeneity

      • Ulrich Witt
      Pages 123-138
    2. Population Learning in Random Games with Endogenous Network Formation

      • Giorgio Fagiolo, Luigi Marengo, Marco Valente
      Pages 155-170
    3. Growth and Coalition Formation

      • Davide Fiaschi, Pier Mario Pacini
      Pages 171-188
    4. The Topology of Shareholding Networks

      • Stefano Battiston, Diego Garlaschelli, Guido Caldarelli
      Pages 189-199
  5. Statistical Physics Approaches

    1. A Finitary Characterization of the Ewens Sampling Formula

      • Domenico Costantini, Ubaldo Garibaldi, Paolo Viarengo
      Pages 221-236
  6. Asset Price Dynamics

    1. Asset Price Dynamics and Diversification with Heterogeneous Agents

      • Carl Chiarella, Roberto Died, Laura Gardini
      Pages 251-267
    2. The Red Queen Principle and the Emergence of Efficient Financial Markets: An Agent Based Approach

      • Sheri Markose, Edward Tsang, Serafin Martinez Jaramillo
      Pages 287-303

About this book

Economic application of nonlinear dynamics, microscopic agent-based modelling, and the use of artificial intelligence techniques as learning devices of boundedly rational actors are among the most exciting interdisciplinary ventures of economic theory over the past decade. This volume provides us with a most fascinating series of examples on "complexity in action" exemplifying the scope and explanatory power of these innovative approaches.

Reviews

From the reviews:

"On May 29th – 31st, 2003, the annual Workshop on Economics with Heterogeneous Interacting Agents, was held in Kiel, Germany. The book under review collects selected papers presented at this workshop. Within five chapters a wide range of various research activities are covered. … The book under review provides a comprehensive collection of articles on nonlinear dynamics. Advanced researchers will find up to date studies especially on financial econometrics. Many presented concepts of interaction and learning may be applied to other social sciences as well." (Karsten Webel, Statistical Papers, Vol. 46 (4), 2005)

Editors and Affiliations

  • Department of Economics, University of Kiel, Kiel, Germany

    Thomas Lux, Eleni Samanidou

  • Department of Economics and Business Administration, University of Giessen, Gießen, Germany

    Stefan Reitz

Bibliographic Information

Buy it now

Buying options

eBook USD 84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access