Thursday, November 29, 2007

Discussion Topics

I'm interesting to continue the discussion of preference modeling, and maybe extending into the area of complexity economics, but I'm also open to new topics and suggestions. Please tell me what are you suggestions? Thanks, Wolf

3 comments:

Ludo Waltman said...

I like Wolf's suggestion of extending our discussion in the direction of what he calls complexity economics. I believe that complexity economics is closely related to agent-based computational economics, about which I presented a paper some time ago. So I like the idea of extending the discussion in that direction, although we should keep in mind that this kind of agent-based research is very different from most of the agent-based research that we have discussed until now. (It is of a descriptive nature, rather than of a problem solving or prescriptive nature.) One suggestion might be to study one of the early papers by Robert Axelrod, who is one of the earliest researchers using agent-based modeling.

Wolf Ketter said...

I would be happy to start a series on agent-based systems along the lines of Robert Axelrod. As another topic I would like to suggest the area of multi-agent learning, and read papers by Sandholm, Stone, etc.

Milan said...

I would also like to have discussion extended towards agent-based models in economics and finance. I think we might find some interesting papers for discussion if we go back to the Handbook of Computational Economics vol. 2 (Tesfatsion, Judd), where Ludo found the Brenner's paper about learning.

If you are interested, I would like to present chapter 24 - a survey paper on agent-based computational finance by B. LeBaron. Chapter 23 by C. Hommes is another survey of agent-based models in economics and finance, but these are more mathematical models.

By the way, the book is available on Science Direct, but for some reason I couldn't access it there. However, I found some chapters through Google Scholar, on authors' websites or other databases.