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Economics with Heterogeneous Interacting Agents

Author: Alan Kirman; Jean-Benoît Zimmermann
Publisher: Berlin, Heidelberg : Springer Berlin Heidelberg, 2001.
Series: Lecture notes in economics and mathematical systems, 503.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
This book analyses situations in which individual agents, who might be different from each other, interact and produce behaviour on the aggregate level which does not correspond to that of the average actor. This leads to aggregate outcomes which would be impossible to explain in a more standard approach. Aggregation generates structure and, as a result, interaction and heterogeneity can be handled and we no longer  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Alan Kirman; Jean-Benoît Zimmermann
ISBN: 9783642564727 3642564720
OCLC Number: 851726377
Description: 1 online resource (ix, 343 pages).
Contents: From the contents: Introduction --
Social Networks --
From Micro to Macro Behaviours --
Finance --
Coalitions --
Interactions and Knowledge.
Series Title: Lecture notes in economics and mathematical systems, 503.
Responsibility: edited by Alan Kirman, Jean-Benoît Zimmermann.

Abstract:

This book analyses situations in which individual agents, who might be different from each other, interact and produce behaviour on the aggregate level which does not correspond to that of the average actor. This leads to aggregate outcomes which would be impossible to explain in a more standard approach. Aggregation generates structure and, as a result, interaction and heterogeneity can be handled and we no longer have to rely on the over-simplified reduction of the behaviour of the economy to that of a "rational" individual.

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