Artificial Economics: A Critical Review

Authors

  • Segismundo S. Izquierdo Departamento de Organización Industrial Universidad de Valladolid
  • Luis R. Izquierdo Departamento de Ingeniería Civil Universidad de Burgos
  • José M. Galán Departamento de Ingeniería Civil Universidad de Burgos
  • José I. Santos Departamento de Ingeniería Civil Universidad de Burgos

DOI:

https://doi.org/10.46661/revmetodoscuanteconempresa.2338

Keywords:

economía artificial, economía computacional, economía computacional basada en agentes, artificial economics, computational economics, agent-based computational economics

Abstract

Artificial Economics is one of the fastest growing approaches to analyse complex socio-economic systems. In this paper we present our views on the distinguishing features of Artificial Economics and on its relation with Theoretical Economics — the field that in our opinion lies closest to Artificial Economics. In this context, we discuss various reasons why conducting research on Artificial Economics may be worthwhile, and provide general guidelines on how to go about it. Our view is that Artificial Economics and Theoretical Economics share the same goals, do not differ conceptually as much as it is sometimes perceived, and their approaches are certainly complementary.

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Published

2016-12-14

How to Cite

Izquierdo, S. S., Izquierdo, L. R., Galán, J. M., & Santos, J. I. (2016). Artificial Economics: A Critical Review. Journal of Quantitative Methods for Economics and Business Administration, 22, Páginas 36 a 54. https://doi.org/10.46661/revmetodoscuanteconempresa.2338

Issue

Vol. 22 (2016)

Section

Articles

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