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Artificial Economics - Methods, Models, and Interdisciplinary Links (Paperback)
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Artificial Economics - Methods, Models, and Interdisciplinary Links (Paperback)
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This introductory overview explores the methods, models and
interdisciplinary links of artificial economics, a new way of doing
economics in which the interactions of artificial economic agents
are computationally simulated to study their individual and group
behavior patterns. Conceptually and intuitively, and with simple
examples, Mercado addresses the differences between the basic
assumptions and methods of artificial economics and those of
mainstream economics. He goes on to explore various disciplines
from which the concepts and methods of artificial economics
originate; for example cognitive science, neuroscience, artificial
intelligence, evolutionary science and complexity science.
Introductory discussions on several controversial issues are
offered, such as the application of the concepts of evolution and
complexity in economics and the relationship between artificial
intelligence and the philosophies of mind. This is one of the first
books to fully address artificial economics, emphasizing its
interdisciplinary links and presenting in a balanced way its
occasionally controversial aspects.
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