Overview
- 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
- Includes supplementary material: sn.pub/extras
Part of the book series: New Economic Windows (NEW)
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Table of contents (16 papers)
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Front Matter
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Agent-Based Models
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Front Matter
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Miscellaneous
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Front Matter
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Discussions and Commentary on Econophysics
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Front Matter
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Keywords
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.
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)Editors and Affiliations
About the editors
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
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
DOI: https://doi.org/10.1007/978-3-319-00023-7
Publisher: Springer Cham
eBook Packages: Physics and Astronomy, Physics and Astronomy (R0)
Copyright Information: Springer International Publishing Switzerland 2014
Hardcover ISBN: 978-3-319-00022-0Published: 16 September 2013
Softcover ISBN: 978-3-319-37480-2Published: 23 August 2016
eBook ISBN: 978-3-319-00023-7Published: 07 September 2013
Series ISSN: 2039-411X
Series E-ISSN: 2039-4128
Edition Number: 1
Number of Pages: VIII, 302
Number of Illustrations: 91 b/w illustrations
Topics: Data-driven Science, Modeling and Theory Building, Game Theory, Economics, Social and Behav. Sciences, Business and Management, general, Economic Theory/Quantitative Economics/Mathematical Methods