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Econometrica, 1981 This paper presents a model of myopic tastes, both in the context of intertemporal decision making and choice under uncertainty. Infinite dimensional consumption plans arise naturally in both contexts, either involving a denumerable number of periods or a countable number of states of the world.
Donald J. Brown, Lucinda M. Lewis
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SPIE Proceedings, 1992
Neural networks are able to emulate economic subjects' behavior, without the utilization of a priori economic laws. This work states the possibility of explaining economic regularities about demand curve following connectionist models. Targets for training are generated by the model itself while it learns and acts with a cross-target method, i.e., the ...
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Neural networks are able to emulate economic subjects' behavior, without the utilization of a priori economic laws. This work states the possibility of explaining economic regularities about demand curve following connectionist models. Targets for training are generated by the model itself while it learns and acts with a cross-target method, i.e., the ...
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Agent-Based Keynesian Economics
1997In this paper Agent-based methods are adopted as a way of combining macroeconomics and microeconomics without founding one on the other. This leaves an opening for reconsideration of Keynesian macroeconomics, a reconsideration which results in a simulation model where money and finance plays a vital role.
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2020
The Wisconsin State Hospital for the Insane was a significant economic enterprise whose daily workings generated immense income for the local community. Even while an asylum inmate, Ott remained a consumer of local businesses. The economies inside the asylum were highly tied to and interwoven with economic systems outside of the asylum.
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The Wisconsin State Hospital for the Insane was a significant economic enterprise whose daily workings generated immense income for the local community. Even while an asylum inmate, Ott remained a consumer of local businesses. The economies inside the asylum were highly tied to and interwoven with economic systems outside of the asylum.
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Agent-Based Computational Economics
2009Agent-based simulation A simulation of a system of multiple interacting agents (sometimes also known as “microscopic simulation”). The “micro” rules governing the actions of the agents are known, and so are their rules of interaction. Starting with some initial conditions, the dynamics of the system are investigated by simulating the state of the ...
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1998
This chapter describes the application of artificial life techniques (ALIFE) to the study of auction markets for electric power optimization. Artificial life techniques include: artificial neural networks (ANN), genetic algorithms (GA) and genetic programming (GP).
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This chapter describes the application of artificial life techniques (ALIFE) to the study of auction markets for electric power optimization. Artificial life techniques include: artificial neural networks (ANN), genetic algorithms (GA) and genetic programming (GP).
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Agent‐based modeling in ecological economics
Annals of the New York Academy of Sciences, 2010Interconnected social and environmental systems are the domain of ecological economics, and models can be used to explore feedbacks and adaptations inherent in these systems. Agent‐based modeling (ABM) represents autonomous entities, each with dynamic behavior and heterogeneous characteristics.
Scott, Heckbert +2 more
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Feminist Economics, 2000
A generational perspective recognizes that children have preferences which may differ systematically from those of adults, and, furthermore, that a children's standpoint should be recognized by scholars and activists and incorporated into policy targeted at children and their families.
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A generational perspective recognizes that children have preferences which may differ systematically from those of adults, and, furthermore, that a children's standpoint should be recognized by scholars and activists and incorporated into policy targeted at children and their families.
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Agents, equations, and economics
2021Critiques of Neoclassical Economics extend, unsurprisingly, to its mathematical structure. The discussion has largely focused on General Equilibrium Theory (GET), a formalism developed by Léon Walras over a century ago. Internally consistent, but highly unrealistic, GET lacks predictive power, and has been a historical failure.
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