Computation in Economics

K. Vela Velupillai and Stefano Zambelli

No 1001, ASSRU Discussion Papers from ASSRU - Algorithmic Social Science Research Unit

Abstract: This is an attempt at a succinct survey, from methodological and epistemological perspectives, of the burgeoning, apparently unstructured, field of what is often – misleadingly – referred to as computational economics. We identify and characterise four frontier research fields, encompassing both micro and macro aspects of economic theory, where machine computation play crucial roles in formal modelling exercises: algorithmic behavioural economics, computable general equilibrium theory, agent based computational economics and computable economics. In some senses these four research frontiers raise, without resolving, many interesting methodological and epistemological issues in economic theorising in (alternative) mathematical modes

Keywords: Classical Behavioural Economics; Computable General Equilibrium theory; Agent Based Economics; Computable Economics; Computability; Constructivity; Numerical Analysis (search for similar items in EconPapers)
Date: 2010
New Economics Papers: this item is included in nep-cbe, nep-cmp, nep-evo, nep-hme and nep-hpe
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:trn:utwpas:1001

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