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  1. Handbook of Computational Economics, Volume 2: Agent-Based Computational Economics.Leigh Tesfatsion & Kenneth L. Judd (eds.) - 2006 - Amsterdam, The Netherlands: Elsevier.
    The explosive growth in computational power over the past several decades offers new tools and opportunities for economists. This handbook volume surveys recent research on Agent-based Computational Economics (ACE), the computational study of economic processes modeled as open-ended dynamic systems of interacting agents. Empirical referents for “agents” in ACE models can range from individuals or social groups with learning capabilities to physical world features with no cognitive function. Topics covered include: learning; empirical validation; network economics; social dynamics; financial markets; innovation (...)
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  • What Kind of Explanations Do We Get from Agent-Based Models of Scientific Inquiry?Dunja Šešelja - 2022 - In Tomas Marvan, Hanne Andersen, Hasok Chang, Benedikt Löwe & Ivo Pezlar (eds.), Proceedings of the 16th International Congress of Logic, Methodology and Philosophy of Science and Technology. London: College Publications.
    Agent-based modelling has become a well-established method in social epistemology and philosophy of science but the question of what kind of explanations these models provide remains largely open. This paper is dedicated to this issue. It starts by distinguishing between real-world phenomena, real-world possibilities, and logical possibilities as different kinds of targets which agent-based models can represent. I argue that models representing the former two kinds provide how-actually explanations or causal how-possibly explanations. In contrast, models that represent logical possibilities provide (...)
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  • Agent-Based Computational Economics: Overview and Brief History.Leigh Tesfatsion - 2023 - In Ragupathy Venkatachalam (ed.), Artificial Intelligence, Learning, and Computation in Economics and Finance. Cham: Springer. pp. 41-58.
    Scientists and engineers seek to understand how real-world systems work and could work better. Any modeling method devised for such purposes must simplify reality. Ideally, however, the modeling method should be flexible as well as logically rigorous; it should permit model simplifications to be appropriately tailored for the specific purpose at hand. Flexibility and logical rigor have been the two key goals motivating the development of Agent-based Computational Economics (ACE), a completely agent-based modeling method characterized by seven specific modeling principles. (...)
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  • Social Epistemology and Validation in Agent-Based Social Simulation.David Anzola - 2021 - Philosophy and Technology 34 (4):1333-1361.
    The literature in agent-based social simulation suggests that a model is validated when it is shown to ‘successfully’, ‘adequately’ or ‘satisfactorily’ represent the target phenomenon. The notion of ‘successful’, ‘adequate’ or ‘satisfactory’ representation, however, is both underspecified and difficult to generalise, in part, because practitioners use a multiplicity of criteria to judge representation, some of which are not entirely dependent on the testing of a computational model during validation processes. This article argues that practitioners should address social epistemology to achieve (...)
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  • Agent-based modeling: the right mathematics for the social sciences?Paul L. Borrill & Leigh Tesfatsion - 2011 - In J. B. Davis & D. W. Hands (eds.), Elgar Companion to Recent Economic Methodology. Edward Elgar Publishers. pp. 228.
    This study provides a basic introduction to agent-based modeling (ABM) as a powerful blend of classical and constructive mathematics, with a primary focus on its applicability for social science research. The typical goals of ABM social science researchers are discussed along with the culture-dish nature of their computer experiments. The applicability of ABM for science more generally is also considered, with special attention to physics. Finally, two distinct types of ABM applications are summarized in order to illustrate concretely the duality (...)
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