Economics with Heterogeneous Interacting Agents /
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 app...
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| Format: | eBook |
| Language: | English |
| Published: |
Berlin, Heidelberg :
Springer Berlin Heidelberg,
2001.
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| Series: | Lecture notes in economics and mathematical systems ;
503. |
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| Online Access: | Connect to the full text of this electronic book |
| 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 have to rely on the over-simplified reduction of the behaviour of the economy to that of a "rational" individual. |
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| Item Description: | Electronic resource. |
| Physical Description: | 1 online resource (ix, 343 pages) |
| ISBN: | 9783642564727 (electronic bk.) 3642564720 (electronic bk.) |
| ISSN: | 0075-8442 ; |