19 December 2011
Edmund ---
RE: Disciplinary Penetration (Economics)
Agent-based modeling is far from having penetrated mainstream economics
in any routine way.
However, papers stressing Agent-Based Computational Economics (ACE) are
now rather regularly appearing in the following well-regarded but
specialized ("field") economic journals:
Journal of Economic Dynamics and Control
Journal of Economic Behavior and Organization
Papers stressing ACE have occasionally appeared in the following
"premier" economic journals:
American Economic Review (e.g., Holland/Miller, LeBaron/Tesfatsion)
Journal of Monetary Economics (e.g., work on GAs by Jasmina Arifovic
et al.)
Journal of Political Economy (e.g., work on GAs by Jasmina Arifovic
et al.)
A volume dedicated to ACE appeared in 2006 in the prestigious Handbooks
in Economics Series published by Elsevier.
Leigh Tesfatsion and Kenneth L. Judd, ed. (2006). /Handbook of
Computational Economics/, v. 2.,
Elsevier, Amsterdam, The Netherlands. Description
<http://www.elsevier.com/wps/find/bookdescription.cws_home/660847/description#description>
& and chapter-preview links.
<http://www.sciencedirect.com/science?_ob=PublicationURL&_hubEid=1-s2.0-S1574002105X02003&_cid=273377&_pubType=HS&_auth=y&_acct=C000228598&_version=1&_urlVersion=0&_userid=10&md5=e4757b4f65755ed6340a11fee9615200>
Articles favorably recommending agent-based modeling tools for economics
(particularly macroeconomics in the wake of the still ongoing financial
crisis) have appeared in
Proceedings of the National Academy of Sciences ( Agent-based
modeling: Methods and techniques
<http://www.pnas.org/cgi/content/full/99/suppl_3/7280>
for simulating human systems
<http://www.pnas.org/cgi/content/full/99/suppl_3/7280>. Proceedings of
the National Academy of Sciences
<http://en.wikipedia.org/wiki/United_States_National_Academy_of_Sciences>.
May 14, 2002. )
Nature ( J. Doyne Farmer andDuncan Foley, Duncan (2009), 'The
economy needs agent-based modelling.
' Nature, Vol. 460, No. 7256. (05 August 2009), pp. 685-686,and
Mark Buchanan (2009), 'Meltdown modelling.
<http://pagesperso-orange.fr/mark.buchanan/nature_economic_modelling.pdf>
Could agent-based computer models prevent another financial crisis?
<http://pagesperso-orange.fr/mark.buchanan/nature_economic_modelling.pdf>.'
Nature, Vol. 460, No. 7256.
(05 August 2009), pp. 680-682. )
The Economist ( "Agents of change"
<http://www.economist.com/node/16636121>. /The Economist/. 22 July 2010)
A rather comprehensive survey of ACE published work is forthcoming in
the Journal of Economic Dynamics and Control -- see the following:
-------------------------------------
http://www.econ.iastate.edu/tesfatsi/ACEHistoricalSurvey.SHCheng2011.pdf
Shu-Heng Chen, *"Varieties of Agents in Agent-Based Computational
Economics:
A Historical and an Interdisciplinary Perspective"*
<http://www.econ.iastate.edu/tesfatsi/ACEHistoricalSurvey.SHCheng2011.pdf>/Journal
of Economic Dynamics and Control/,
2011, to appear. */
Abstract:/* This thoughtful and comprehensive study traces the
origins of agent-based computational economics (ACE) through four
different gateways: namely, study of market processes; study of cellular
automata with fixed rules of behavior; evolution-of-cooperation
tournaments with programmed strategies; and experiments with autonomous
human-like agents (artificial life).
--------------------------------------
See, also, the listings of annotated pointers to published ACE work at
the following sites:
ACE: Introductory Materials
http://www.econ.iastate.edu/tesfatsi/aintro.htm
ACE: Research Area Sites
http://www.econ.iastate.edu/tesfatsi/aapplic.htm
ACE Research Area: Agent-Based Macroeconomics
http://www.econ.iastate.edu/tesfatsi/amulmark.htm
Best wishes,
Leigh
>>
>> 2011/12/19 Edmund Chattoe-Brown <[log in to unmask]
>> <mailto:[log in to unmask]>>
>>
>> Dear All,
>>
>> What are the highest status/best known/most cited journals which have
>> published ABM/social simulation in your particular social
>> science? (And
>> what are the citations?) In Sociology the highest impact journals
>> give,
>> for the set of search terms <agent based model simulation> the
>> following
>> numbers of "hits" (excluding book reviews, editorials and "front/back
>> matter"):
>>
>> American Journal of Sociology 17 (most in one special issue)
>> American Sociological Review 11
>> British Journal of Sociology 3
>> Annual Review of Sociology 23
>> Global Networks – A Journal of Transnational Affairs 4
>> Sociology of Health & Illness 3
>> Journal of Marriage and the Family 1
>> Economy and Society 49
>> Social Networks 37
>> Social Problems 3
>>
>> However, scanning these quickly, I suspect that many (most?) are
>> false
>> positives as it is quite hard to pick a set of search terms that
>> uniquely identify what we do. (Could we find an unusual word and
>> always
>> use it in our papers to help with this!) Looking more carefully
>> at some
>> of the cases with fewer hits, two of the three BJS articles are false
>> positives (the other written by yours truly*), the only example in
>> Journal of Marriage and the Family is a FP and so on. (I would
>> have done
>> more of this but the library computer seems to be acting up.)
>>
>> I wonder if one thing we could do to promote our research is
>> simply to
>> try and get something into journals that haven't had it before
>> ... Would
>> anyone else like to share this kind of analysis for economics,
>> management, psychology, criminology, demography? (Who else is there
>> reading?)
>>
>> Happy Xmas!
>>
>> Edmund
>>
>> * Chattoe, Edmund (2006) 'Using Simulation to Develop and Test
>> Functionalist Explanations: A Case Study of Dynamic Church
>> Membership',
>> British Journal of Sociology, 57(3), September, pp. 379-397.
>>
>> --
>> Edmund Chattoe-Brown
>> [log in to unmask]
>> <mailto:[log in to unmask]>
>>
>>
>> --
>> http://www.fastmail.fm <http://www.fastmail.fm/> - The
>> professional email service
>>
>>
>
--
Professor Leigh Tesfatsion Email: [log in to unmask]
Department of Economics FAX: 515-294-0221
Iowa State University
Ames, Iowa 50011-1070
www.econ.iastate.edu/tesfatsi
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