{"title":"Mauro Gallegati","description":null,"products":[{"product_id":"agent-based-modelling-book-simone-landini-9781009547611","title":"Agent­-Based Modelling","description":"This Element works as non-technical overview of Agent-Based Modelling (ABM), a methodology which can be applied to economics, as well as fields of natural and social sciences. This Element presents the introductory notions and historical background of ABM, as well as a general overview of the tools and characteristics of this kind of models, with particular focus on more advanced topics like validation and sensitivity analysis. Agent-based simulations are an increasingly popular methodology which fits well with the purpose of studying problems of computational complexity in systems populated by heterogeneous interacting agents.","brand":"WoB","offers":[{"title":"- \/ - \/ -","offer_id":51012224418065,"sku":"","price":0.0,"currency_code":"GBP","in_stock":true},{"title":"US \/ NEW \/ INGRAM","offer_id":51012227858705,"sku":"NIN9781009547611","price":0.0,"currency_code":"GBP","in_stock":false},{"title":"GB \/ NEW \/ INGRAM","offer_id":52685962936593,"sku":"NLS9781009547611","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/1009547615.jpg?v=1750982274"},{"product_id":"complex-dynamics-of-economic-interaction-book-mauro-gallegati-9783540404972","title":"The Complex Dynamics of Economic Interaction","description":"This book will be of interest to all those interested in the foundations of collective social and economic behaviour and in particular, to those concerned with the dynamics of market behaviour and recent applications of physics to economics.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52333193986321,"sku":"NLS9783540404972","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9783540404972.jpg?v=1758154003"},{"product_id":"agent-based-models-in-economics-book-giorgio-fagiolo-9781108414999","title":"Agent-Based Models in Economics","description":"In contrast to mainstream economics, complexity theory conceives the economy as a complex system of heterogeneous interacting agents characterised by limited information and bounded rationality. Agent Based Models (ABMs) are the analytical and computational tools developed by the proponents of this emerging methodology. Aimed at students and scholars of contemporary economics, this book includes a comprehensive toolkit for agent-based computational economics, now quickly becoming the new way to study evolving economic systems. Leading scholars in the field explain how ABMs can be applied fruitfully to many real-world economic examples and represent a great advancement over mainstream approaches. The essays discuss the methodological bases of agent-based approaches and demonstrate step-by-step how to build, simulate and analyse ABMs and how to validate their outputs empirically using the data. They also present a wide set of applications of these models to key economic topics, including the business cycle, labour markets, and economic growth.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52542297211153,"sku":"NLS9781108414999","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9781108414999.jpg?v=1760688786"},{"product_id":"complex-agent-based-models-book-mauro-gallegati-9783030067311","title":"Complex Agent-Based Models","description":"This book offers a thorough introduction to the highly promising complex agent-based approach to economics, in which agent-based models (ABMs) are used to represent economic systems as complex and evolving systems composed of heterogeneous agents of limited rationality who interact with each other, generating the system’s emergent properties in the process.     This approach represents a response to the limitations of the dominant theory in economics, which does not consider the possibility of a major crisis, and to the inability of dynamic stochastic general equilibrium theory to generate empirically falsifiable propositions. In the new perspective, the focus is on identifying the elements of instability rather than the triggering event. As the theory of complexity demonstrates, the interactions of heterogeneous agents produce non-linearity: this puts an end to the age of certainties.     With ABMs, the methodology is “from the bottom up”. The individualparameters and their distribution are estimated, and then evaluated to verify whether aggregate regularities emerge on the whole. In short, not only micro, but also meso and macro empirical validation are employed. Moreover, it shows that the mantra of growth should be supplanted by the concept of a growth​.   Given its depth of coverage, the book will enable students at the undergraduate and Master’s level to gain a firm grasp of this important emerging approach.           “This book is flower blossomed by one of the two greatest Italian economists.”     Bruce Greenwald, Columbia University           “The author’s - the ABM prophet’s - thoughts on economics have been at the forefront of the world. Without a firm belief in and dedication to human society, it is impossible to write such a book. This is a work of high academic value, which can help readers quickly understand the history and current situation of complex economic theory. In particular,we can understand the basic viewpoints, academic status, advantages and shortcomings of various schools of economic theory.”    Jie Wu, Guangzhou Milestone Software Co., China","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52619956158737,"sku":"NLS9783030067311","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9783030067311.jpg?v=1761537271"},{"product_id":"complex-agent-based-models-book-mauro-gallegati-9783319938578","title":"Complex Agent-Based Models","description":"This book is flower blossomed by one of the two greatest Italian economists.   Bruce Greenwald, Columbia University       The authors - the ABM prophets - thoughts on economics have been at the forefront of the world.","brand":"WoB","offers":[{"title":"GB \/ NEW \/ INGRAM","offer_id":52656438083857,"sku":"NLS9783319938578","price":0.0,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0784\/4072\/6801\/files\/9783319938578.jpg?v=1762224655"},{"product_id":"agent-based-modelling-book-simone-landini-9781009547635","title":"Agent­-Based Modelling","description":"This Element works as non-technical overview of Agent-Based Modelling (ABM), a methodology which can be applied to economics, as well as fields of natural and social sciences. This Element presents the introductory notions and historical background of ABM, as well as a general overview of the tools and characteristics of this kind of models, with particular focus on more advanced topics like validation and sensitivity analysis. 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