Advances in Artificial Economics: The Economy as a Complex Dynamic System

Perceiving the economy as a complex dynamic system, generates a need for new tools for its study. As a constructive simulation method, Agent—Based Computational Economics (ACE) has in recent years proven its strength and extensive applicability. Fields of study are widely spread within economics, with a cluster around financial markets. This book is based on communications given at AE’2006 (Aalborg, Denmark) – the second symposium on Artificial Economics, and covers both wellknown questions...