Standardization for Agent-based Modeling in Economics

Li, Xi Hao (2013): Standardization for Agent-based Modeling in Economics.

Abstract

This work combines generic complexity of economic system and economic agents with methodologies of multi-agent system analysis and development. This combination results in an integrative framework that serves as communication protocol for delivering and transmitting agent-based model for economic system. The integrative framework provides guidance for analyzing economic system in micro-level, which embeds with properties of complexity in structure, heterogeneity in agents' beliefs, and interactions among agents' behaviors. It provides routines on developing standardized agent-based model for economic system that can be used and reused among interdisciplinary research.

• Item Type: MPRA Paper
• Language: English
• Keywords: Economic system, Agent-based modeling, Complexity, Standardization
• Subjects: B - History of Economic Thought, Methodology, and Heterodox Approaches > B4 - Economic Methodology; C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling

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