This chapter surveys work on dynamic heterogeneous agent models (HAMs) in economics
and finance. Emphasis is given to simple models that, at least to some extent, are tractable …

This chapter surveys research on agent-based models used in finance. It will concentrate on
models where the use of computational tools is critical for the process of crafting models …

Since the survey by Windrum et al.(Journal of Artificial Societies and Social Simulation 10: 8,
2007), research on empirical validation of agent-based models in economics has made …

Macroeconomic models often assume that the choices of all the diverse agents in one sector—
consumers for example—can be considered as the choices of one “representative” standard …

The scientific study of complex systems has transformed a wide range of disciplines in
recent years, enabling researchers in both the natural and social sciences to model and …

Technica, or chartist, analysis of financial markets involves providing forecasts or trading
advice on the basis of largely visual inspection of past prices, without regard to any …

This survey discusses behavioral and experimental macroeconomics, emphasizing a
complex systems perspective. The economy consists of boundedly rational heterogeneous …

Recognising that the economy is a complex system with boundedly rational interacting
agents, the book presents a theory of behavioral rationality and heterogeneous expectations …

This paper offers an explanation of behavior that puzzled entomologists and economists.
Ants, faced with two identical food sources, were observed to concentrate more on one of …

This paper presents the basic ideas and methodologies of a set of contemporary
contributions which are grouped under the general heading of “evolutionary economics” …