Agent-Based Computational Economics : A Brief Guide to the Literature

  title={Agent-Based Computational Economics : A Brief Guide to the Literature},
  author={Leigh Tesfatsion},
The newly developing ̄eld of agent-based computational economics (ACE) is roughly dēned by its practitioners as the computational study of economies modelled as evolving systems of autonomous interacting agents. A principal concern of ACE researchers is to understand the apparently spontaneous formation of global regularities in economic processes, such as the unplanned coordination of trading activities in decentralized market economies that economists associate with Adam Smith's invisible… CONTINUE READING
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1997a), \How Economists Can Get Alife", in The Economy as an Evolving Complex System, II

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