Abstract
Markets for goods and services in modern economies are probably among the most complex dynamic systems which science has tried to analyze and model. It is well known that modern economics inherited a large share of its mathematical formalism and thus modeling apparatus from theoretical physics. This marriage is not always a happy one. Economic and social systems consist of agents which think and react. The elementary particles of matter do not observe, learn and influence each others decisions. Much is therefore lost in the translation from economic behavior to the mathematical language of modern economic theory.
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© 2000 Springer Science+Business Media New York
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Stefansson, B. (2000). Simulating Economic Agents in Swarm. In: Luna, F., Stefansson, B. (eds) Economic Simulations in Swarm: Agent-Based Modelling and Object Oriented Programming. Advances in Computational Economics, vol 14. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-4641-2_1
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DOI: https://doi.org/10.1007/978-1-4615-4641-2_1
Publisher Name: Springer, Boston, MA
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