ENGLISH

Economics with Heterogeneous Interacting Agents

By Alan Kirman , Jean-Benoît Zimmermann (auth.) , Prof. Dr. Alan Kirman , Prof. Dr. Jean-Benoît Zimmermann (eds.)

Book information

Publisher
Springer-Verlag Berlin Heidelberg
Year
2001
ISBN
978-3-540-42209-9, 978-3-642-56472-7
DOI
10.1007/978-3-642-56472-7
Language
english
Format
PDF
Filesize
11 MB (11340986 bytes)
Series
Lecture Notes in Economics and Mathematical Systems 503
Edition
1
Pages
346\339
Time added
2013-12-12 02:00:00
Economic Theory

Description

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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