Discovering Artificial Economics
Subtitle: How Agents Learn and Economies Evolve
Publisher: Westview Press
Published: October 1, 2000
Language: eng
Format: Hardcover
Number of pages: 336
ISBN-13: 9780813397702
Subjects: Economic theory & philosophy; International - General; Development - Economic Development; Business & Economics; Business / Economics / Finance; Business/Economics; Economics - General; Economics - Theory; Economics; International Economics & Business; Business & Management
Description: "Discovering Artificial Economics is an informal introduction to the ideas of modern systems theory and self-organization as they apply to problems in the economic realm. David Batten interweaves anecdotes and stories with technical discussions in order to provide the general reader with a good feel for how economies function and change.

Using a wealth of examples from evolutionary game theory, to stock markets, to urban and traffic planning, Batten shows how economic agents interact to produce the behavior we have come to recognize as economic life. Despite the book's easy-to-read style, Batten's message is quite profound. Strongly interactive groups of agents can produce unexpected collective behavior, emergent features that are lawful in their own right.

These patterns of emergent behavior are the hallmark of a complex, self-organizing economy."--BOOK JACKET.