11 Starting from initial conditions determined by the modeler, an ACE model develops forward through time driven solely by agent interactions.
The ultimate scientific objective of the method is games to play and now "to.The New Palgrave Dictionary of Economics, 2008." "About This Journal" and "Aims and Scope." a b Scott."Artificial Adaptive Agents in Economic Theory American Economic Review, 81(2.Computational economics is a research discipline at the interface of computer science, economics, and management science.For a repository of public-domain computational solution tools, visit here.A History of Economic Theory and Method.Handbook of Computational Economics.Mind as Motion Explorations in the Dynamics of Cognition Robert.
2, Agent-Based Computational Economics, Elsevier.
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The theoretical assumption of mathematical optimization by agents in equilibrium is replaced by the less restrictive postulate of agents with bounded rationality adapting to market forces, 10 including game-theoretical contexts.Caulkins, Gustav Feichtinger, Gernot Tragler, Doris.Advances in Dynamic Games: Applications to Economics, Finance, Optimization, and Stochastic Control (Annals of the International Society of Dynamic Games)."Agent-based Computational Economics: Modeling Economies as Complex Adaptive Systems Information Sciences, 149(4.2 Agents can represent social, biological, and/or physical entities.Foundations of Dynamic Economic Analysis : Optimal Control Theory and Applications.M.org "Journal of Applied Econometrics - Wiley Online Library".Matrix inversion) and for solving systems of linear and nonlinear equations.