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Springer Econophysics of Agent-Based Models - Springer Economic Windows

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Description

Econophysics of Agent-Based Models presents cutting-edge research from physicists, economists, mathematicians and financial engineers exploring agent-based modelling approaches in econophysics. This book challenges traditional economic theory, which relies on the representative agent assumption and perfectly rational utility maximisation principles that limit mathematical tractability. By moving beyond these constraints, the work examines how agent-based models can capture complex economic behaviours and interactions that standard approaches cannot address. The collection brings together empirical studies, comparisons with real-world data, and innovative methodologies that bridge physics and economics. Ideal for researchers, academics and professionals seeking to understand non-linear economic systems and the emerging field of econophysics, this volume offers practical insights into modelling economic agents with greater realism and computational sophistication.

Key Features

Econophysics of Agent-Based Models integrates research from physicists and economists examining complex economic systems beyond traditional representative agent assumptions.

The book includes empirical studies and comparisons that validate agent-based modelling approaches against real-world economic data and behaviour.

Published by Springer in the New Economic Windows series, this volume addresses non-linear economic problems that standard mathematical models cannot solve.

The work explores how agent-based models capture realistic decision-making processes that move beyond the utility maximisation principle of classical economics.

This resource provides financial engineers and mathematicians with practical frameworks for modelling econophysics applications and complex market dynamics.

Product Specifications

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

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