| Agent Based Computational Economics SE ST 2020 |
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The course is stuctured as a literature seminar, which deals with selected topics in a quite modern branch of Computational Economics - Agent Based Computational Economics / Modelling (ACE). After you have chosen 2-3 topics (scientific papers) from the list of available topics, please send a e-mail with those 2-3 preferred topics (in preference order). Once I reply by stating which of these topics was still free and which one is now assigned to you, you may immediately start working on the written report and preparing the presentation. You will have approx. 25-35 minutes time for your talk - please plan your presentation accordingly and send me your slides by E-Mail at least 3 days prior to your talk. Please not that it is of course also necessary to be present during all other presentations (on all dates) and to participate in discussions following presentations. The focus of your efforts should be to produce a comprehensible rendition of the paper by thoroughly and critically reading the paper and thinking about the discussed topic. It is important to include all relevant points (not every single equation if the model is described in mathematical form exhaustively) and yet present the paper - in the available speaking time - to your colleagues who have not read the paper in such a way that they can still follow and understand your presentation. Observing the time limit for your presentation is not only a question of courtesy, but also a kind of quality criterion of your work, because correct and efficient summarizing requires a much higher degree of comprehension than simple repetition does. Furthermore, it is key for professional presentations - especially scientific presentations (e.g. on conferences), where talking time is often severley limited (something between 10 and 30 minutes) and sometimes even further reduced on spot. As the course's language of instruction is English, both the written report and the presentation have to be held in English. Though mastery of the English language is not a grading criterion, incomprehensible formulations or probably wrong explanations will of course have a negative influence on your grade. |
| Hands-on papers for ACE/ABM |
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The following papers are of interest if you want to replicate or develop a simulation yourself (pure interest, project course, diploma thesis, etc.) but they can't be chosen as topics: How to replicate an Agent-Based Model How to discern results from different: Errors and Artefacts Visualization of Simulation Runs and Results An extensive overview of different simulation frameworks/programs For some research questions empirical validation of results is crucial: Alternative approaches to Empirical Validation
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| Introductory Papers |
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The following papers are only suitable as introductions to computational economics / agent based simulation / complexity in economics / bounded rationality, they also can't be chosen as topics. Agent-based Computational Models and Generative Social Science Remarks on the foundations of agent based generative social science Computationally intensive analyses in economics Out of equilibrium economics and agent based modeling Inductive reasoning and bounded rationality - The El Farol Problem |
| Interesting Links |
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One of the most interesting resources is the online-only journal JASSS (all papers can be read/downloaded free of charge): Prof. Leigh Tesfatsion's ACE Website with maaaany ACE information, material and further links:
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