Simulations, theory, and experiments. Notes from an Historical Perspective

Method and Hist of Econ Thought from EconWPA

Abstract: This paper aims at presenting the methodological approach to simulations, proposed at the beginning of the sixties by a group of scholars of the Carnegie Mellon University. This approach can be defined cognitive and behavioural, because of the attention to real perception and decision-making and to the role assigned to learning processes. One of the main points of departure is constituted by the wish to relay on more realistic assumptions, as a condition for better an understanding and forecast of the reality. Simulations are seen as the most important, even if not unique, way to model the resulting complexity.

Keywords: experiment; simulations; Herbert Simon (search for similar items in EconPapers)
JEL-codes: C8 C9 (search for similar items in EconPapers)
Date: 2004-12-27
Note: Type of Document - pdf; pages: 15. Paper presented at the I Workshop on Industry and Labor Dynamics. The Agent-based Computational Economics Approach, Torino, October 2003

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