Simulations, theory, and experiments. Notes from an Historical Perspective
Marco Novarese ()
Method and Hist of Econ Thought from EconWPA
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)
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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Chapter: SIMULATIONS, THEORY AND EXPERIMENTS. NOTES FROM AN HISTORICAL PERSPECTIVE (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpmh:0412001
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