Artificial Economics: Methods, Models, and Interdisciplinary Links (Paperback) (ISBN-13: 9781009005753)

This introductory overview explores the methods, models and interdisciplinary links of artificial economics, a new way of doing economics in which the interactions of artificial economic agents are computationally simulated to study their individual and group behavior patterns. Conceptually and intuitively, and with simple examples, Mercado addresses the differences between the basic assumptions and methods of artificial economics and those of mainstream economics. He goes on to explore various disciplines from which the concepts and methods of artificial economics originate; for example cognitive science, neuroscience, artificial intelligence, evolutionary science and complexity science. Introductory discussions on several controversial issues are offered, such as the application of the concepts of evolution and complexity in economics and the relationship between artificial intelligence and the philosophies of mind. This is one of the first books to fully address artificial economics, emphasizing its interdisciplinary links and presenting in a balanced way its occasionally controversial aspects.

Author: Ruben Mercado
ISBN-10: 1009005758
ISBN-13: 9781009005753
Publisher: Cambridge University Press
Language: English
Published: 11/04/2021
Pages: 150
Format: Paperback
Weight: 0.60lbs
Size: 9.00h x 6.00w x 0.42d