Herbert Simon Lectures

Agent-Based Computational Economics and Market Design:
the Fourth Herbert Simon Lectures

National Chengchi University, Taipei
National Kaohsiung University of Applied Sciences, Kaohsiung
October 23-28, 2005

The five lectures, Agent-Based Computational Economics (ACE) and Market Design, are an intensive introduction to Agent-Based Computational Economics modelling: the reasons for ACE, the methods of ACE, the strengths and weaknesses of ACE, and the applications of ACE to the emerging discipline of Market Design. The readings accompanying the lectures are available at the links below.

Simulation of social interactions focuses on the complex adaptive behavior that emerges in social systems. To better understand the behavior of such complex adaptive social systems, "artificial worlds" composed of interacting adaptive agents can be created and analyzed. Such models often exhibit properties that are strikingly similar to the actual social world, e.g., cooperation, social norms, and social stratification into different classes, and provide a unique window into understanding such phenomena. Using simulation methods, previously inaccessible, yet fundamental, questions are now becoming amenable to analysis. There is much research to be done in this area---along with creating and understanding these types of complex systems, efforts need to be directed toward developing accessible versions of these models for the classroom.

The AI-Econ Research Center, National Chengchi University, Here.


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Last Updated 8 November, 2005
Robert Marks, bobm@agsm.edu.au