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Simulations, theory, and experiments. Notes from an Historical Perspective

Author

Listed:
  • Marco Novarese

    (Centre for Cognitive Economics - Università del Piemonte Orientale)

Abstract

This paper aims at presenting the methodological approach to simulations, proposed at the beginning of the sixties by a group of scholars of the Carnegie Mellon University. This approach can be defined cognitive and behavioural, because of the attention to real perception and decision-making and to the role assigned to learning processes. One of the main points of departure is constituted by the wish to relay on more realistic assumptions, as a condition for better an understanding and forecast of the reality. Simulations are seen as the most important, even if not unique, way to model the resulting complexity.

Suggested Citation

  • Marco Novarese, 2004. "Simulations, theory, and experiments. Notes from an Historical Perspective," Method and Hist of Econ Thought 0412001, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpmh:0412001
    Note: Type of Document - pdf; pages: 15. Paper presented at the I Workshop on Industry and Labor Dynamics. The Agent-based Computational Economics Approach, Torino, October 2003
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    Cited by:

    1. Timon Scheuer, 2018. "Computational Agents, Design and Innovative Behaviour: Hetero Economicus," Economic Thought, World Economics Association, vol. 7(2), pages 82-96, November.

    More about this item

    Keywords

    experiment; simulations; Herbert Simon;
    All these keywords.

    JEL classification:

    • C8 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs
    • C9 - Mathematical and Quantitative Methods - - Design of Experiments

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