Advances in Artificial Economics The Economy As a Complex Dynamic System

Bruun, Charlotte

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Bruun, Charlotte
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Perceiving the economy as a complex dynamic system, generates a need for new tools for its study. As a constructive simulation method, Agent-Based Computational Economics (ACE) has in recent years proven its strength and extensive applicability. Fields of study are widely spread within economics, with a cluster around financial markets. This book is based on communications given at AE2006 (Aalborg, Denmark) the second symposium on Artificial Economics, and covers both wellknown questions of economics, like the existence of market efficiency, as well as new questions raised by the new tools, for example questions related to networks of social interaction.Bruun, Charlotte is the author of 'Advances in Artificial Economics The Economy As a Complex Dynamic System', published 2006 under ISBN 9783540372479 and ISBN 3540372474.

...c research, complex dynamics belongs at the heart of the subject ... Complex and chaotic nonlinear dynamics. Advances in ... ... . Germany's economy is expected to produce $4.2 trillion 1  in 2019 as measured by nominal gross domestic product. The nation is the world's fourth-largest economy following the United States, China, and Japan. To compare GDP between countries, you must use purchasing power parity. Some say that Germany has been flourishing over the past 12 ... Applied Social Sciences and Public Policy, Informatics, Phys ... Advances in Artificial Economics | SpringerLink ... ... Applied Social Sciences and Public Policy, Informatics, Physical and Computational Sciences Artificial Intelligence and Economic Growth Philippe Aghion College de France and LSE Benjamin F. Jones Northwestern University and NBER Charles I. Jones Stanford GSB and NBER October 10, 2017 - Version 1.0 Abstract This paper examines the potential impact of artificial intelligence (A.I.) on eco-nomic growth. We model A.I. as the latest form of automation, a broader pro-cess dating back ... The field of artificial economics covers a broad range of methodologies relying on computer simulations in order to model and study the complexity of economic and social phenomena. The grounding principle of artificial economics is the analysis of aggregate properties of simulated systems populated by interacting adaptive agents that are equipped with heterogeneous individual behavioral rules ... New Trends in Dynamic System Theory and Economics contains selected papers presented at a two-week seminar on New Trends in Dynamic System Theory and Economics held at the International Center for Mechanical Sciences in Udine, Italy, on September 12-23, 1977. Contributors discuss recent trends in the application of dynamic system theory in economic analysis, paying particular attention to ......