Charlotte Bruun (auth.), Francesco Luna, Alessandro Perrone's Agent-Based Methods in Economics and Finance: Simulations in PDF

By Charlotte Bruun (auth.), Francesco Luna, Alessandro Perrone (eds.)

ISBN-10: 146135238X

ISBN-13: 9781461352389

ISBN-10: 1461507855

ISBN-13: 9781461507857

This moment publication on monetary and fiscal simulations in Swarm marks the continuing development by way of a bunch of researchers to include agent-based desktop versions as an enormous device inside of their disci­ pline. it really is encouraging to work out one of these transparent instance of Swarm supporting to foster a group of clients who depend on the Swarm framework for his or her personal analyses. Swarm goals at legitimizing agent-based machine types as a device for the research of complicated structures. an additional objective is universal base framework will result in the expansion of person groups in particular parts of software. by means of supplying an organizing framework to lead the improvement of extra problem-specific buildings, and by means of facing a complete diversity of matters that impact their primary correctness and their skill to be constructed and reused, Swarm has sought to make using agent-based types a valid software of clinical research that still meets the sensible wishes of investigators inside a community.

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Extra resources for Agent-Based Methods in Economics and Finance: Simulations in Swarm

Example text

ORECOS contains three different types of agents; enterprises, processes and markets. The market agents clear the individual markets using a two-sided competitive sealed-bid auction mechanism. Enterprises are both buyers and sellers since they buy their input and sell their output. The functional relation between input and output of an enterprise is determined by one or more of the process agents. The enterprise plan and manage production, process agents executes the production. The implementation of production as a relation between an enterprise agent and a number of production processes (process agents), and the interdependence of enterprises is something that could be applied to an economics framework.

By focusing on architectural aspects, reuse becomes a question of making reusable designs as well as reusable code. 1 illustrates the idea of using frameworks rather than class libraries. g. the main program, and uses components from the class library whenever they fit into his structure. The same component may be used in different structures. g. a main program that is already written - the job of the programmer is to modify existing components or develop new components so that the structure fits his specific needs.

Where ASM has an Agent, Jares has a Trader, where ASM has a Specialist Jares has a MarketMaker, and where ASM has a World, Jares has a MarketStatistician. Jares has, however, not split out his stochastic dividend process in an independent and replaceable class. It seems more than likely that the time and effort spent in developing Jares' model could have been reduced by reusing the design and some of the code of the ASM model. It is therefore a good example of the importance of increasing communication between builders of simulation models.

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Agent-Based Methods in Economics and Finance: Simulations in Swarm by Charlotte Bruun (auth.), Francesco Luna, Alessandro Perrone (eds.)

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