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Computer Simulations

  • Michael Schulz
Chapter
Part of the Springer Tracts in Modern Physics book series (STMP, volume 184)

Abstract

Computer simulations are powerful tools supporting economic theories by bringing precision and rigor into economic and socioeconomic theories [97, 264, 370, 424]. By utilizing the speed and power of modern computers, they allow us to examine the consequences of complex rules and to study the dynamics of large systems. This makes them an important tool for dealing with the complex structure of economic systems. From a physical point of view, computer simulations allow the introduction of several natural scientific concepts and methods into the theoretical framework of economics, finance, and social science.

Keywords

Monte Carlo Simulation Cellular Automaton Multiagent System Transition Rule Random Generator 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag New York, Inc. 2003

Authors and Affiliations

  • Michael Schulz
    • 1
  1. 1.Abteilung Theoretische PhysikUniversität UlmUlmGermany

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