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Springer - Econophysics of Agent-Based Models Book

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Description

Explore the intersection of physics and economics with Econophysics of Agent-Based Models from Springer. This book presents research findings and conclusions from a diverse group of experts, including physicists, economists, mathematicians, and financial engineers. Traditional economic models often rely on the concept of a representative agent that is perfectly rational and follows utility maximization principles to maintain mathematical tractability. This text moves beyond those standard assumptions by focusing on agent-based modelling and empirical studies. By examining the work of specialists in the field of econophysics, readers gain insight into how non-linear complexities and agent-based investigations provide a different perspective on economic systems and financial engineering.

Key Features

Presents research findings from a multidisciplinary group of physicists, economists, mathematicians, and financial engineers.

Focuses on agent-based modelling to provide alternatives to standard economic models.

Includes detailed comparisons with empirical studies and related investigations in the field of econophysics.

Explores complex economic systems by moving beyond the limitations of the perfectly rational representative agent model.

Provides academic insights into non-linear economic modeling and financial engineering investigations.

Product Specifications

Format
hardcover
Domain
Amazon UK
Release Date
16 September 2013
Listed Since
18 January 2013

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