Munich Personal RePEc Archive

Standardization for Agent-based Modeling in Economics

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

WarningThere is a more recent version of this item available.
[img]
Preview
PDF
MPRA_paper_47396.pdf

Download (248kB) | Preview

Abstract

By combining the general characteristics of economic system and economic agents with methodologies of multi-agent system analysis and development in the scope of software engineering and computer science, this work proposes an integrative framework that provides standardization for agent-based modeling in economics. This framework serves as a standard for analyzing from `bottom-up' the economic system that embeds with the properties of complexity in structure, heterogeneity in agents' beliefs, and interactions among agents' behaviors. It serves as a guidance on designing a standardized agent-based model for economic system. This standardized agent-based model works as the system model of economic system that can be used and reused among interdisciplinary research across economists and computer scientists.

Available Versions of this Item

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.