Titlebook: Artificial Markets Modeling; Methods and Applicat Andrea Consiglio Book 2007 Springer-Verlag Berlin Heidelberg 2007 Agent-Based Economics.A

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https://doi.org/10.1007/978-3-319-90590-7 they provide liquidity and solve theoretical problems like the information-paradox formulated by Grossman and Stiglitz (1980). Unfortunately, those traders cannot expect to be honored for their contributions, or, as Black (1986) states, “if they expect to make profits from noise trading, they are incorrect”.

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https://doi.org/10.1007/978-3-540-73135-1Agent-Based Economics; Artificial Markets; Complex Systems; Computational Economics; Heterogenous Behavi

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978-3-540-73134-4Springer-Verlag Berlin Heidelberg 2007

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Feminism and Evolutionary Biologytiplier is usually taken as constant in this process, at least on short time scales, and most importantly, independent from the money creation process itself. The result is essentially a static, aggregate theory, with very poor behavioral micro-foundations, that completely neglects the . through which money is generated in an economy.

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Book 2007 tools in the social sciences, focusing strongly on the uses, requirements and constraints of agent-based models employed by social scientists. Topics include agent-based macroeconomics, the emergence of norms and conventions, the dynamics of social and economic networks, and behavioral models in financial markets..

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