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  • © 2014

Artificial Economics and Self Organization

Agent-Based Approaches to Economics and Social Systems

  • Presents recent advances in the field of artificial economics
  • Includes contributions of well known experts in the field of artificial economics
  • Represents the state-of-the-art of an emerging field
  • Includes supplementary material: sn.pub/extras

Part of the book series: Lecture Notes in Economics and Mathematical Systems (LNE, volume 669)

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Table of contents (19 chapters)

  1. Front Matter

    Pages i-xv
  2. Methodological Issues

    1. Front Matter

      Pages 1-1
    2. Simulation Experiments and Significance Tests

      • Klaus G. Troitzsch
      Pages 17-28
  3. Macroeconomics

    1. Front Matter

      Pages 29-29
    2. Tax Enforcement in an Agent-Based Model with Endogenous Audits

      • Susanna Calimani, Paolo Pellizzari
      Pages 41-53
    3. Subprime Lending and Financial Inequality in an Agent-Based Model

      • Andrea Teglio, Silvano Cincotti, Einar Jon Erlingsson, Marco Raberto, Hlynur Stefansson, Jon Thor Sturluson
      Pages 55-67
  4. Market Dynamics

    1. Front Matter

      Pages 69-69
    2. Adaptive Trading for Anti-correlated Pairs of Stocks

      • Chih-Hao Lin, Sai-Ping Li, K. Y. Szeto
      Pages 71-80
    3. Self-Organization of Decentralized Markets with Network Externality

      • Xintong Li, Chao Wang, Yougui Wang
      Pages 81-94
    4. Emergence of Fair Offers in Ultimatum Game

      • Wanting Xiong, Han Fu, Yougui Wang
      Pages 107-118
  5. Financial Markets

    1. Front Matter

      Pages 119-119
    2. An Agent-Based Investigation of the Probability of Informed Trading

      • Olivier Brandouy, Philippe Mathieu
      Pages 121-132
    3. Financial Forecasts Based on Analysis of Textual News Sources: Some Empirical Evidence

      • A. Barazzetti, F. Cecconi, R. Mastronardi
      Pages 133-145
    4. Trust in a Network of Investors and Startup Entrepreneurs

      • Michael Roos, Anna Klabunde
      Pages 147-159
    5. Banks and Their Contagion Potential: How Stable Is Banking System?

      • Mitja Steinbacher, Matjaz Steinbacher, Matej Steinbacher
      Pages 161-175
  6. Organizations

    1. Front Matter

      Pages 177-177
    2. Phrasing and Timing Information Dissemination in Organizations: Results of an Agent-Based Simulation

      • Doris A. Behrens, Silvia Berlinger, Friederike Wall
      Pages 179-190

About this book

This volume presents recent advances in the dynamic field of Artificial Economics and its various applications. Artificial Economics provides a structured approach to model and investigate economic and social systems. In particular, this approach is based on the use of agent-based simulations and further computational techniques. The main aim is to analyze the outcomes at the overall systems’ level as results from the agents’ behavior at the micro-level. These emergent characteristics of complex economic and social systems can neither be foreseen nor are they intended. The emergence rather makes these systems function. Artificial Economics especially facilitates the investigation of this emergent systems’ behavior. ​

Editors and Affiliations

  • Department for Controlling and Strategic Management, Alpen-Adria-Universität Klagenfurt, Klagenfurt, Austria

    Stephan Leitner, Friederike Wall

About the editors

Stephan Leitner is Assistant Professor at the Department for Controlling and Strategic Management at the Alpen-Adria-Universität Klagenfurt. Among others, his research interests include information quality, agency theory and the robustness of agency models, multi objective decision-making, and sustainability. The application of agent-based simulation as a research methodology to questions of management science characterizes an important part of his research.

Friederike Wall is Full Professor and Head of the Department for Controlling and Strategic Management at the Alpen-Adria-Universität Klagenfurt. Her research interests cover subjects like agent-based models in managerial accounting, quality of information in management accounting and control, managerial decision-behavior in case of noisy information systems. In her research she primarily uses agent-based simulation techniques.

Bibliographic Information

Buy it now

Buying options

eBook USD 39.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 54.99
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