← Back to Research Radar
Academic Publication Academic Publication

Agent-Based Modeling in Economics and Finance: Past, Present, and Future

175
Citations
March 1, 2025
Published Date

Research Abstract & Technology Focus

Agent-based modeling (ABM) is a novel computational methodology for representing the behavior of individuals in order to study social phenomena. Its use is rapidly growing in many fields. We review ABM in economics and finance and highlight how it can be used to relax conventional assumptions in standard economic models. ABM has enriched our understanding of markets, industrial organization, labor, macro, development, public policy, and environmental economics. In financial markets, substantial accomplishments include understanding clustered volatility, market impact, systemic risk, and housing markets. We present a vision for how ABMs might be used in the future to build more realistic models of the economy and review some of hurdles that must be overcome to achieve this. (JEL C63, D00, E00, G00)
agent-based modeling economics finance present future
Read Full Literature

Correlated Market Trend: 3d Modeling

Bridging academia to market: The 60-day public search velocity mapping directly to the core technology of this paper. Dashed line represents 7-day moving average.

AI Semantic Synergy Context

Connecting this academic literature to real-world market discussions and products.

crossref.org › academic paper
69%
🔥

Agent-Based Modeling in Economics and Finance: Past, Present, and Future

Agent-based modeling (ABM) is a novel computational methodology for representing the behavior of individuals in order to study social phenomena. Its use is rapidly growing in many fields. We review...
crossref.org › academic paper
0%

Large language models empowered agent-based modeling and simulation: a survey and perspectives

AbstractAgent-based modeling and simulation have evolved as a powerful tool for modeling complex systems, offering insights into emergent behaviors and interactions among diverse agents. Recently, ...
roipad.com › narrative analysis
0%

Business Models

Business models face significant disruption from legal challenges regarding social media addiction and unexpected AI project closures. The emergence of an 'agentic internet,' where AI systems execu...
openalex.org › research concept
0%

Forecasting in Industry andFinancial Context

Abstract Chapter 1 The first chapter of my PhD thesis addresses the demand forecasting problem for VHIT, the company sponsoring my doctoral research. The objective of the thesis is to predict the f...
producthunt.com › comment
0%

Marx Finance

Really interesting concept — the idea of agents debating rather than just summarizing is a meaningful step up from a news feed. In M&A and structured finance, the most useful market intelligence is...

Frequently Asked Questions (FAQ)

Curated market intelligence mapped to this research.

What is the core focus of the research titled 'Agent-Based Modeling in Economics and Finance: Past, Present, and Future'?

This literature focuses on: Agent-based modeling (ABM) is a novel computational methodology for representing the behavior of individuals in order to study social phenomena. Its use is rapidly growing in many fields. We review ABM in economics and finance and highlight how it...

Are there open-source GitHub repositories related to Agent-Based Modeling in Economics and Finance: Past, Present, and Future?

Yes, open-source projects like nv-tlabs/Gamma-World (Implementation of Gamma-World: Generative Multi-Agent World Modeling Beyond Two Players) are actively building upon these concepts.

Which startups are commercializing the technology behind Agent-Based Modeling in Economics and Finance: Past, Present, and Future?

Products like FreeCAD 1.1 are bringing this to market. Their focus is: Extremely powerful, completely free 3D CAD modeling.

What other academic literature is closely related to 'Agent-Based Modeling in Economics and Finance: Past, Present, and Future'?

Yes, highly correlated activity was mapped. An entry titled 'Agent-Based Modeling in Economics and Finance: Past, Present, and Future' discusses this: Agent-based modeling (ABM) is a novel computational methodology for representing the behavior of individuals in order to study social phenomena. It...

Are there commercial applications of 'Agent-Based Modeling in Economics and Finance: Past, Present, and Future' in market news publications?

Yes, highly correlated activity was mapped. An entry titled 'Business Models' discusses this: Business models face significant disruption from legal challenges regarding social media addiction and unexpected AI project closures. The emergenc...

Cite this Market Intelligence Report

Reference our AI-mapped synergy between this research and the commercial market to instantly build authority.

Commercial Realization

Startups and Open Source tools heavily associated with the concepts explored in this paper.

Associated Media Narrative