Best Practices in Programming Agent-Based Models in Economics and Finance

A. Vermeir () and H. Bersini ()
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A. Vermeir: Université Libre de Bruxelles
H. Bersini: Université Libre de Bruxelles

A chapter in Advances in Artificial Economics, 2015, pp 57-68 from Springer

Abstract: Abstract The planning phase of an ABM is a critical step to produce robust and understandable implementations. An isolation of business logic, an object structure inspired by the real world counterpart of the model and the usage of design patterns such as the strategy and the observer are efficient ways to improve the model without sacrificing simplicity. Inspired by concrete examples from the refactoring of the Black Rhino model, we demonstrate the enrichment provided by our recommendations.

Keywords: Central Bank; Unify Modeling Language; Design Pattern; Business Logic; Interbank Market (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/978-3-319-09578-3_5

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