Agent-Based Computational Economics: Growing Economies From the Bottom Up

  title={Agent-Based Computational Economics: Growing Economies From the Bottom Up},
  author={L. Tesfatsion},
  journal={Artificial Life},
  • L. Tesfatsion
  • Published 2002
  • Engineering, Computer Science, Medicine, Economics
  • Artificial Life
  • Agent-based computational economics (ACE) is the computational study of economies modeled as evolving systems of autonomous interacting agents. Thus, ACE is a specialization of economics of the basic complex adaptive systems paradigm. This study outlines the main objectives and defining characteristics of the ACE methodology and discusses similarities and distinctions between ACE and artificial life research. Eight ACE research areas are identified, and a number of publications in each area are… CONTINUE READING
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