Sixteen papers, based on the conference on “Econophysics of Agent-Based Models” held at the Saha Institute of Nuclear Physics in November 2012, explore agent-based modeling in the field of econophysics from the perspectives of physicists, economists, mathematicians, and financial engineers. Papers discuss agent-based modeling of zapping behavior of viewers, television commercial allocation, and advertisement markets; agent-based modeling of the housing asset bubble—a simple utility function-based investigation; Urn model-based adaptive multi-arm clinical trials—a stochastic approximation approach; logistic modeling of a religious sect cult and financial features; characterizing financial crisis by means of the three states random field Ising model; themes and applications of kinetic exchange models—redux; the kinetic exchange opinion model—solution in the single parameter map limit; an overview of the new frontiers of economic complexity; Jan Tinbergen's legacy for economic networks—from the gravity model to quantum statistics; a macroscopic order of consumer demand due to heterogeneous consumer behavior on Japanese household demand tested by the random matrix theory; uncovering the network structure of the world currency market—cross-correlations in the fluctuations of daily exchange rates; systemic risk in the Japanese credit network; pricing of goods with bandwagon properties—the curse of coordination; evolution of econophysics; econophysics and sociophysics—problems and prospects; and a discussion on econophysics. Abergel and Chakraborti are with the Laboratory of Mathematics Applied to Systems at the École Centrale Paris. Aoyama is with the Department of Physics at Kyoto University. Chakrabarti is at the Saha Institute of Nuclear Physics. Ghosh is with the Theoretical Condensed Matter Physics Division at the Saha Institute of Nuclear Physics.
Advances in the agent-based modeling of economic and social behavior
