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From Agent-Based Computational Economics towards Cognitive Economics

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  • Denis Phan

    (GEMASS - Groupe d'Etude des Méthodes de l'Analyse Sociologique de la Sorbonne - FMSH - Fondation Maison des sciences de l'homme - SU - Sorbonne Université - CNRS - Centre National de la Recherche Scientifique)

Abstract

This paper provides a short introduction to Agent-based Computational Economics (ACE), in order to underline the interest of such an approach in cognitive economics. Section 2 provides a brief bird's eye view of ACE. In section 3, some interesting features of the Santa-Fe Approach to complexity are then introduced by taking simple examples using the Moduleco computational laboratory. Section 4 provides a short introduction to the object-oriented architecture of the Moduleco's framework. Section 5 underlines the interest of ACE for modelling and exploring dynamic features of markets viewed as cognitive and complex social interactive systems. Simple examples of simulations based on two cognitive economics models are briefly discussed. The first one, deals with the so-called exploration-exploitation compromise, while the second deal with social influence and dynamics over social networks.

Suggested Citation

  • Denis Phan, 2004. "From Agent-Based Computational Economics towards Cognitive Economics," Post-Print halshs-03916500, HAL.
    • Handle: RePEc:hal:journl:halshs-03916500
    DOI: 10.1007/978-3-540-24708-1_22
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-03916500
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    References listed on IDEAS

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