Econophysics of Agent Based Models is popular PDF and ePub book, written by Frédéric Abergel in 2013-09-07, it is a fantastic choice for those who relish reading online the Science genre. Let's immerse ourselves in this engaging Science book by exploring the summary and details provided below. Remember, Econophysics of Agent Based Models can be Read Online from any device for your convenience.
Econophysics of Agent Based Models Book PDF Summary
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.
Detail Book of Econophysics of Agent Based Models PDF
- Author : Frédéric Abergel
- Release : 07 September 2013
- Publisher : Springer Science & Business Media
- ISBN : 9783319000237
- Genre : Science
- Total Page : 301 pages
- Language : English
- PDF File Size : 11,6 Mb
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