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Item Details
| Title:
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AGENT-BASED MODELLING IN ECONOMICS
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| By: |
Lynne Hamill, Nigel Gilbert |
| Format: |
Hardback |
| List price:
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£43.95 |
| Our price: |
£39.56 |
| Discount: |
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| You save:
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£4.39 |
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| ISBN 10: |
1118456076 |
| ISBN 13: |
9781118456071 |
| Availability: |
Usually dispatched within 1-3 weeks.
 Delivery
rates
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| Stock: |
Currently 0 available |
| Publisher: |
JOHN WILEY & SONS INC |
| Pub. date: |
12 January, 2016 |
| Pages: |
256 |
| Description: |
Agent-based modelling in economics Lynne Hamill and Nigel Gilbert, Centre for Research in Social Simulation (CRESS), University of Surrey, UK New methods of economic modelling have been sought as a result of the global economic downturn in 2008. |
| Synopsis: |
Agent-based modelling in economics Lynne Hamill and Nigel Gilbert, Centre for Research in Social Simulation (CRESS), University of Surrey, UK New methods of economic modelling have been sought as a result of the global economic downturn in 2008.This unique book highlights the benefits of an agent-based modelling (ABM) approach. It demonstrates how ABM can easily handle complexity: heterogeneous people, households and firms interacting dynamically. Unlike traditional methods, ABM does not require people or firms to optimise or economic systems to reach equilibrium. ABM offers a way to link micro foundations directly to the macro situation. Key features: * Introduces the concept of agent-based modelling and shows how it differs from existing approaches. * Provides a theoretical and methodological rationale for using ABM in economics, along with practical advice on how to design and create the models. * Each chapter starts with a short summary of the relevant economic theory and then shows how to apply ABM. * Explores both topics covered in basic economics textbooks and current important policy themes; unemployment, exchange rates, banking and environmental issues.* Describes the models in pseudocode, enabling the reader to develop programs in their chosen language. * Supported by a website featuring the NetLogo models described in the book. Agent-based Modelling in Economics provides students and researchers with the skills to design, implement, and analyze agent-based models. Third year undergraduate, master and doctoral students, faculty and professional economists will find this book an invaluable resource. |
| Publication: |
US |
| Imprint: |
John Wiley & Sons Inc |
| Returns: |
Returnable |
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