%0 Generic %1 Cristelli2011Critical %A Cristelli, M. %A Pietronero, L. %A Zaccaria, A. %D 2011 %K review critical-phenomena econophysics mobile-agents %T Critical Overview of Agent-Based Models for Economics %U http://arxiv.org/abs/1101.1847 %X We present an overview of some representative Agent-Based Models in Economics. We discuss why and how agent-based models represent an important step in order to explain the dynamics and the statistical properties of financial markets beyond the Classical Theory of Economics. We perform a schematic analysis of several models with respect to some specific key categories such as agents' strategies, price evolution, number of agents, etc. In the conclusive part of this review we address some open questions and future perspectives and highlight the conceptual importance of some usually neglected topics, such as non-stationarity and the self-organization of financial markets.

@misc{Cristelli2011Critical, abstract = {{We present an overview of some representative Agent-Based Models in Economics. We discuss why and how agent-based models represent an important step in order to explain the dynamics and the statistical properties of financial markets beyond the Classical Theory of Economics. We perform a schematic analysis of several models with respect to some specific key categories such as agents' strategies, price evolution, number of agents, etc. In the conclusive part of this review we address some open questions and future perspectives and highlight the conceptual importance of some usually neglected topics, such as non-stationarity and the self-organization of financial markets.}}, added-at = {2019-06-10T14:53:09.000+0200}, archiveprefix = {arXiv}, author = {Cristelli, M. and Pietronero, L. and Zaccaria, A.}, biburl = {https://www.bibsonomy.org/bibtex/2d69e036ebe94c2f9608aefbbde98409d/nonancourt}, citeulike-article-id = {8531889}, citeulike-linkout-0 = {http://arxiv.org/abs/1101.1847}, citeulike-linkout-1 = {http://arxiv.org/pdf/1101.1847}, day = 10, eprint = {1101.1847}, interhash = {133f28cc9c6973355de8530f877f78c9}, intrahash = {d69e036ebe94c2f9608aefbbde98409d}, keywords = {review critical-phenomena econophysics mobile-agents}, month = jan, posted-at = {2011-07-26 11:51:12}, priority = {2}, timestamp = {2019-08-01T16:23:04.000+0200}, title = {{Critical Overview of Agent-Based Models for Economics}}, url = {http://arxiv.org/abs/1101.1847}, year = 2011 }