Agent-Based Computational Economics

2020 ◽  
pp. 825-849
Author(s):  
Moshe Levy
Keyword(s):  
Computational Economics ◽  
Agent Based

scholarly journals Agent-based computational economics

Scholarpedia ◽  
2007 ◽  
Vol 2 (2) ◽  
pp. 1970 ◽  
Author(s):  
Leigh Tesfatsion
Keyword(s):  
Computational Economics ◽  
Agent Based

Computational Economics in the Era of Natural Computationalism

2018 ◽  
Author(s):  
Shu-Heng Chen ◽  
Mak Kaboudan ◽  
Ye-Rong Du
Keyword(s):  
General Equilibrium ◽  
Rational Expectations ◽  
Computational Economics ◽  
Algorithmic Trading ◽  
Neural Computing ◽  
Computing Systems ◽  
Agent Based ◽  
Numerical Aspect ◽  
Nature Inspired Intelligence

After a brief review of natural computationalism, this introductory chapter presents a new skeleton of computational economics and finance (CEF) along with an overview of the handbook. It begins with a conventional pursuit focusing on the algorithmic or numerical aspect of CEF such as computational efforts devoted to rational expectations, (dynamic) general equilibrium, and volatility. It then moves toward an automata- or organism-based perspective of CEF, involving nature-inspired intelligence, algorithmic trading, automated markets, network- and agent-based computing, and neural computing. As an alternative way to introduce this novel skeleton, the chapter starts with a view of computation or computing, addressing what computational economics intends to compute and what kinds of economics make computation so hard, and then it turns to a view of computing systems in which the Walrasian kind of computational economics is replaced by the Wolframian kind due to computational irreducibility.

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