The economy needs agent-based modelling Export

@article{farmer09-1, abstract = {The leaders of the world are flying the economy by the seat of their pants, say J. Doyne Farmer and Duncan Foley. There is, however, a better way to help guide financial policies. In today's high-tech age, one naturally assumes that US President Barack Obama's economic team and its international counterparts are using sophisticated quantitative computer models to guide us out of the current economic crisis. They are not.}, author = {Farmer, J. Doyne and Foley, Duncan}, citeulike-article-id = {5373955}, citeulike-linkout-0 = {http://dx.doi.org/10.1038/460685a}, citeulike-linkout-1 = {http://dx.doi.org/10.1038/460685a}, day = {05}, doi = {10.1038/460685a}, issn = {0028-0836}, journal = {Nature}, keywords = {econophysics, simulation}, month = {August}, number = {7256}, pages = {685--686}, posted-at = {2009-08-16 16:40:36}, priority = {2}, publisher = {Nature Publishing Group}, title = {The economy needs agent-based modelling}, url = {http://dx.doi.org/10.1038/460685a}, volume = {460}, year = {2009} }

TY - JOUR ID - farmer09-1 L3 - citeulike-article-id:5373955 N2 - The leaders of the world are flying the economy by the seat of their pants, say J. Doyne Farmer and Duncan Foley. There is, however, a better way to help guide financial policies. In today's high-tech age, one naturally assumes that US President Barack Obama's economic team and its international counterparts are using sophisticated quantitative computer models to guide us out of the current economic crisis. They are not. IS - 7256 JF - Nature SN - 0028-0836 EP - 686 TI - The economy needs agent-based modelling PB - Nature Publishing Group VL - 460 SP - 685 KW - econophysics KW - simulation AU - Farmer, Doyne AU - Foley, Duncan PY - 2009/08/05/ UR - http://dx.doi.org/10.1038/460685a ER -