Agent-Based Computational Economics

Agent-based computational economics (ACE) is the computational study of economies modeled as evolving systems of autonomous interacting agents. Starting from initial conditions, specified by the modeler, the computational economy evolves over time as its constituent agents repeatedly interact with each other and learn from these interactions. ACE is therefore a bottom-up culture-dish approach to the study of economic systems. This study discusses the key characteristics and goals of the ACE methodology. Eight currently active research areas are highlighted for concrete illustration. Potential advantages and disadvantages of the ACE methodology are considered, along with open questions and possible directions for future research.Agent-based computational economics; Autonomous agents; Interaction networks; Learning; Evolution; Mechanism design; Computational economics; Object-oriented programming.

Agent-Based Computational Economics: A Brief Guide to the Literature

Agent-based computational economics (ACE)is the computational study of economies modelled as evolving systems of autonomous interacting agents. This short paper is a brief guide to recent ACE research. For more information, visit the ACE Web site at http://www.econ.iastate.edu/tesfatsi/ace.htm. Resources available at the ACE Web site include surveys, an annotated syllabus of readings, software, teaching materials, pointers to research on economic and social network formation, and pointers to individual researchers and research groups.Agent-based computational economics

An approach to evolving cell signaling networks in silico

Cell Signaling Networks(CSN) are complex bio-chemical networks which, through evolution, have become highly efficient for governing critical control processes such as immunological responses, cell cycle control or homeostasis. From a computational point of view, modeling Artificial Cell Signaling Networks (ACSNs) in silico may provide new ways to design computer systems which may have specialized application areas. To investigate these new opportunities, we review the key issues of modeling ACSNs identified as follows. We first present an analogy between analog and molecular computation. We discuss the application of evolutionary techniques to evolve biochemical networks for computational purposes. The potential roles of crosstalk in CSNs are then examined. Finally we present how artificial CSNs can be used to build robust real-time control systems. The research we are currently involved in is part of the multi disciplinary EU funded project, ESIGNET, with the central question of the study of the computational properties of CSNs by evolving them using methods from evolutionary computation, and to re-apply this understanding in developing new ways to model and predict real CSNs. This also complements the present requirements of Computational Systems Biology by providing new insights in micro-biology research

Equation-Free Dynamic Renormalization: Self-Similarity in Multidimensional Particle System Dynamics

We present an equation-free dynamic renormalization approach to the computational study of coarse-grained, self-similar dynamic behavior in multidimensional particle systems. The approach is aimed at problems for which evolution equations for coarse-scale observables (e.g. particle density) are not explicitly available. Our illustrative example involves Brownian particles in a 2D Couette flow; marginal and conditional Inverse Cumulative Distribution Functions (ICDFs) constitute the macroscopic observables of the evolving particle distributions.Comment: 7 pages, 5 figure