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Fundamentals

  • Ji-Ping Huang
Chapter
Part of the New Economic Windows book series (NEW)

Abstract

In this chapter, I introduce some fundamental knowledge in the field. My main focus is on how to design both controlled experiments and agent-based models. For showing the validity of the former, I present the Hayek hypothesis in advance; for clarifying the latter, I first present the El Farol bar problem and minority game. In addition, I also present both the information theory (with an emphasis on the Shannon entropy) and a nonparametric regression analysis (Hodrick-Prescott filter), which will be used in some other chapters.

Keywords

Controlled experiments Agent-based model Hayek hypothesis Minority game Shannon entropy Regression analysis 

Copyright information

© Springer-Verlag Berlin Heidelberg 2015

Authors and Affiliations

  1. 1.Department of PhysicsFudan UniversityShanghaiChina

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