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Article
Agent-based computational economics: modeling economies as complex adaptive systems
Information Sciences
  • Leigh Tesfatsion, Iowa State University
Document Type
Article
Publication Version
Submitted Manuscript
Publication Date
1-1-2003
DOI
10.1016/S0020-0255(02)00280-3
Abstract
Agent-based computational economics (ACE) is the computational study of economies modeled as evolving systems of autonomous interacting agents. Thus, ACE is a specialization to economics of the basic complex adaptive systems paradigm. This paper outlines the main objectives and defining characteristics of the ACE methodology, and discusses several active research areas.
Comments

NOTICE: this is the author’s version of a work that was accepted for publication in . Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Information Sciences, Vol.149, 2003, 263-269.

Copyright Owner
Elsevier Science Inc.
Language
en
File Format
application/pdf
Citation Information
Leigh Tesfatsion. "Agent-based computational economics: modeling economies as complex adaptive systems" Information Sciences Vol. 149 Iss. 4 (2003) p. 262 - 268
Available at: http://works.bepress.com/leigh-tesfatsion/41/