00000cmm a22000005i 4500 UP-99796217611000327 Buklod 20230504003249.0 m go j cr |n |||auu|a 131121s xx d u 9783642211089 (eBook) (iLib)UPD-00206905303 DLC DML eng HB 143.5 E44 2011eb Emergent results of artificial economics [electronic resource] edited by Sjoukje Osinga, Gert Jan Hofstede, Tim Verwaart. Berlin, Heidelberg Springer Berlin Heidelberg c2011. 1 online resource (xx, 212 p.) ill. Lecture notes in economics and mathematical systems 0075-8442 652 Preface -- Part I: Human in the System -- Part II: Financial Markets -- Part III: Organization Design -- Part IV: Macroeconomics -- Part V: Market Dynamics -- Part VI: Games. IP-based subscription, on campus only. Access via Electronic Resources of the UPD University Library Website. Artificial economics is a computational approach that aims to explain economic systems by modeling them as societies of intelligent software agents. The individual agents make autonomous decisions, but their actual behaviors are constrained by available resources, other individuals' behaviors, and institutions. Intelligent software agents have communicative skills that enable simulation of negotiation, trade, reputation, and other forms of knowledge transfer that are at the basis of economic life. Incorporated learning mechanisms may adapt the agents' behaviors. In artificial economics, all system behavior is generated from the individual agents' simulated decisions; no system level laws are a priori imposed. For instance, price convergence and market clearing may emerge, but not necessarily. Thus, artificial economics facilitates the study of the mechanisms that make the economy function. This book presents a selection of peer-reviewed papers addressing recent developments in this field between economics and computer science. Electronic reproduction. New York SpringerLink c2011. Available via World Wide Web through SpringerLink. Economics Computer simulation. Economics Mathematical models. Electronic books. Osinga, Sjoukje. Hofstede, Gert Jan. Verwaart, Tim. SpringerLink (Online service). Springer eBooks. Lecture notes in economics and mathematical systems 0075-8442 652. Electronic Resource http://link.springer.com/book/10.1007/978-3-642-21108-9 Available for University of the Philippines Diliman via SpringerLink. Click here to access (viewed 23 April 2014) FO Monograph UPD DMLR Electronic Resource