Why are economists sceptical about agent-based simulations? Export

@article{citeulike:226610, abstract = {Despite many years of active research in the field and a number of fruitful applications, agent-based modeling has not yet made it through to the top ranking economic journals. In this paper we investigate why. We look at the following problematic areas: (i) interpretation of the simulation dynamics and generalization of the results, and (ii) estimation of the simulation model. We show that there exist solutions for both these issues. Along the way, we clarify some confounding differences in terminology between computer science and economic literature.}, author = {Leombruni, Roberto and Richiardi, Matteo}, citeulike-article-id = {226610}, citeulike-linkout-0 = {http://dx.doi.org/10.1016/j.physa.2005.02.072}, citeulike-linkout-1 = {http://www.sciencedirect.com/science/article/B6TVG-4G3D4K0-5/2/da592a49cd71c3a213adf41858a4539d}, comment = {Might be interesting, but I can wait a while to read it.}, doi = {10.1016/j.physa.2005.02.072}, journal = {Physica A: Statistical and Theoretical Physics}, keywords = {agentbased, cs, economics}, posted-at = {2005-06-12 22:48:55}, priority = {1}, title = {Why are economists sceptical about agent-based simulations?}, url = {http://dx.doi.org/10.1016/j.physa.2005.02.072}, volume = {In Press, Uncorrected Proof} }

TY - JOUR ID - citeulike:226610 L3 - citeulike-article-id:226610 N2 - Despite many years of active research in the field and a number of fruitful applications, agent-based modeling has not yet made it through to the top ranking economic journals. In this paper we investigate why. We look at the following problematic areas: (i) interpretation of the simulation dynamics and generalization of the results, and (ii) estimation of the simulation model. We show that there exist solutions for both these issues. Along the way, we clarify some confounding differences in terminology between computer science and economic literature. JF - Physica A: Statistical and Theoretical Physics TI - Why are economists sceptical about agent-based simulations? VL - In Press, Uncorrected Proof KW - agentbased KW - cs KW - economics N1 - Might be interesting, but I can wait a while to read it. AU - Leombruni, Roberto AU - Richiardi, Matteo UR - http://dx.doi.org/10.1016/j.physa.2005.02.072 ER -