Complex Systems Modeling and Simulation in Economics and Finance

Complex Systems Modeling and Simulation in Economics and Finance PDF

Author: Shu-Heng Chen

Publisher: Springer

Published: 2018-11-20

Total Pages: 307

ISBN-13: 331999624X

DOWNLOAD EBOOK →

This title brings together frontier research on complex economic systems, heterogeneous interacting agents, bounded rationality, and nonlinear dynamics in economics. The book contains the proceedings of the CEF2015 (21st Computing in Economics in Finance), held 20-22 June 2015 in Taipei, Taiwan, and addresses some of the important driving forces for various emergent properties in economies, when viewed as complex systems. The breakthroughs reported in this book are a result of an interdisciplinary approach and simulation remains the unifying theme for these papers as they deal with a wide range of topics in economics. The text is a valuable addition to the efforts in promoting the complex systems view in economic science. The computational experiments reported in the book are both transparent and replicable. Complex System Modeling and Simulation in Economics and Finance is useful for graduate courses of complex systems, with particular focus on economics and finance. At the same time it serves as a good overview for researchers who are interested in the topic.

Complex Systems in Finance and Econometrics

Complex Systems in Finance and Econometrics PDF

Author: Robert A. Meyers

Publisher: Springer Science & Business Media

Published: 2010-11-03

Total Pages: 919

ISBN-13: 1441977007

DOWNLOAD EBOOK →

Finance, Econometrics and System Dynamics presents an overview of the concepts and tools for analyzing complex systems in a wide range of fields. The text integrates complexity with deterministic equations and concepts from real world examples, and appeals to a broad audience.

Agent-Based Simulation: From Modeling Methodologies to Real-World Applications

Agent-Based Simulation: From Modeling Methodologies to Real-World Applications PDF

Author: Takao Terano

Publisher: Springer Science & Business Media

Published: 2006-06-18

Total Pages: 259

ISBN-13: 4431269258

DOWNLOAD EBOOK →

Agent-based modeling/simulation is an emerging field that uses bottom-up and experimental analysis in the social sciences. Selected research from that presented at the Third International Workshop on Agent-Based Approaches in Economic and Social Complex Systems 2004, held in May 2004 in Kyoto, Japan, is included in this book. The aim of the workshop was to employ the bottom-up approach to social and economic problems by modeling, simulation, and analysis using a software agent. This research area is an emerging interdisciplinary field among the social sciences and computer science, attracting broad attention because it introduces a simulation-based experimental approach to problems that are becoming increasingly complex in an era of globalization and innovation in information technology. The state-of-the-art research and findings presented in this book will be indispensable tools for anyone involved in this rapidly growing discipline.

Social Self-Organization

Social Self-Organization PDF

Author: Dirk Helbing

Publisher: Springer

Published: 2012-05-05

Total Pages: 343

ISBN-13: 3642240046

DOWNLOAD EBOOK →

What are the principles that keep our society together? This question is even more difficult to answer than the long-standing question, what are the forces that keep our world together. However, the social challenges of humanity in the 21st century ranging from the financial crises to the impacts of globalization, require us to make fast progress in our understanding of how society works, and how our future can be managed in a resilient and sustainable way. This book can present only a few very first steps towards this ambitious goal. However, based on simple models of social interactions, one can already gain some surprising insights into the social, ``macro-level'' outcomes and dynamics that is implied by individual, ``micro-level'' interactions. Depending on the nature of these interactions, they may imply the spontaneous formation of social conventions or the birth of social cooperation, but also their sudden breakdown. This can end in deadly crowd disasters or tragedies of the commons (such as financial crises or environmental destruction). Furthermore, we demonstrate that classical modeling approaches (such as representative agent models) do not provide a sufficient understanding of the self-organization in social systems resulting from individual interactions. The consideration of randomness, spatial or network interdependencies, and nonlinear feedback effects turns out to be crucial to get fundamental insights into how social patterns and dynamics emerge. Given the explanation of sometimes counter-intuitive phenomena resulting from these features and their combination, our evolutionary modeling approach appears to be powerful and insightful. The chapters of this book range from a discussion of the modeling strategy for socio-economic systems over experimental issues up the right way of doing agent-based modeling. We furthermore discuss applications ranging from pedestrian and crowd dynamics over opinion formation, coordination, and cooperation up to conflict, and also address the response to information, issues of systemic risks in society and economics, and new approaches to manage complexity in socio-economic systems. Selected parts of this book had been previously published in peer reviewed journals.

Agent-Based Approaches in Economic and Social Complex Systems VI

Agent-Based Approaches in Economic and Social Complex Systems VI PDF

Author: Shu-Heng Chen

Publisher: Springer Science & Business Media

Published: 2011-01-12

Total Pages: 199

ISBN-13: 4431539077

DOWNLOAD EBOOK →

Agent-based modeling/simulation is an emergent approach to the analysis of social and economic systems. It provides a bottom-up experimental method to be applied to social sciences such as economics, management, sociology, and politics as well as some engineering fields dealing with social activities. This book includes selected papers presented at the Sixth International Workshop on Agent-Based Approaches in Economic and Social Complex Systems held in Taipei in 2009. We have 39 presentations in the conference, and 14 papers are selected to be included in this volume. These 14 papers are then grouped into six parts: Agent-based financial markets; Financial forecasting and investment; Cognitive modeling of agents; Complexity and policy analysis; Agent-based modeling of good societies; and Miscellany. The research presented here shows the state of the art in this rapidly growing field.

Computational Models of Complex Systems

Computational Models of Complex Systems PDF

Author: Vijay Kumar Mago

Publisher: Springer Science & Business Media

Published: 2013-10-31

Total Pages: 196

ISBN-13: 3319012851

DOWNLOAD EBOOK →

Computational and mathematical models provide us with the opportunities to investigate the complexities of real world problems. They allow us to apply our best analytical methods to define problems in a clearly mathematical manner and exhaustively test our solutions before committing expensive resources. This is made possible by assuming parameter(s) in a bounded environment, allowing for controllable experimentation, not always possible in live scenarios. For example, simulation of computational models allows the testing of theories in a manner that is both fundamentally deductive and experimental in nature. The main ingredients for such research ideas come from multiple disciplines and the importance of interdisciplinary research is well recognized by the scientific community. This book provides a window to the novel endeavours of the research communities to present their works by highlighting the value of computational modelling as a research tool when investigating complex systems. We hope that the readers will have stimulating experiences to pursue research in these directions.

System Dynamics

System Dynamics PDF

Author: Bilash Kanti Bala

Publisher: Springer

Published: 2016-10-28

Total Pages: 278

ISBN-13: 9811020450

DOWNLOAD EBOOK →

This book covers the broad spectrum of system dynamics methodologies for the modelling and simulation of complex systems: systems thinking, causal diagrams, systems structure of stock and flow diagrams, parameter estimation and tests for confidence building in system dynamics models. It includes a comprehensive review of model validation and policy design and provides a practical presentation of system dynamics modelling. It also offers numerous worked-out examples and case studies in diverse fields using STELLA and VENSIM. The system dynamics methodologies presented here can be applied to nearly all areas of research and planning, and the simulations provided make the complicated issues more easily understandable. System Dynamics: Modelling and Simulation is an essential system dynamics and systems engineering textbook for undergraduate and graduate courses. It also offers an excellent reference guide for managers in industry and policy planners who wish to use modelling and simulation to manage complex systems more effectively, as well as researchers in the fields of modelling and simulation-based systems thinking.

Large-Scale Computing Techniques for Complex System Simulations

Large-Scale Computing Techniques for Complex System Simulations PDF

Author: Werner Dubitzky

Publisher: John Wiley & Sons

Published: 2012-02-03

Total Pages: 220

ISBN-13: 1118130499

DOWNLOAD EBOOK →

Complex systems modeling and simulation approaches are being adopted in a growing number of sectors, including finance, economics, biology, astronomy, and many more. Technologies ranging from distributed computing to specialized hardware are explored and developed to address the computational requirements arising in complex systems simulations. The aim of this book is to present a representative overview of contemporary large-scale computing technologies in the context of complex systems simulations applications. The intention is to identify new research directions in this field and to provide a communications platform facilitating an exchange of concepts, ideas and needs between the scientists and technologist and complex system modelers. On the application side, the book focuses on modeling and simulation of natural and man-made complex systems. On the computing technology side, emphasis is placed on the distributed computing approaches, but supercomputing and other novel technologies are also considered.

Business Economics and Finance with MATLAB, GIS, and Simulation Models

Business Economics and Finance with MATLAB, GIS, and Simulation Models PDF

Author: Patrick L. Anderson

Publisher: CRC Press

Published: 2004-07-27

Total Pages: 499

ISBN-13: 0203494652

DOWNLOAD EBOOK →

This book takes recent theoretical advances in Finance and Economics and shows how they can be implemented in the real world. It presents tactics for using mathematical and simulation models to solve complex tasks of forecasting income, valuing businesses, predicting retail sales, and evaluating markets and tax and regulatory problems. Busine

Simulation of Complex Systems

Simulation of Complex Systems PDF

Author: Aykut Argun

Publisher:

Published: 2021

Total Pages: 0

ISBN-13: 9780750338431

DOWNLOAD EBOOK →

This book deals with the most fundamental and essential techniques to simulate complex systems, from the dynamics of molecules to the spreading of diseases, from optimization using ant colonies to the simulation of the Game of Life.