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[[Using MinSim]]
 
[[Using MinSim]]
  
==Meeting Agendas/Tasks for Next Meeting==
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[[Minsim Meeting Agendas and Recaps]]
09/29/08
 
For next week:
 
* Look up information on Aspen project/failure(?) (starting point: [http://www.cs.sandia.gov/tech_reports/rjpryor/Aspen.html Aspen])
 
*Look at Chris's software and start trying to see if real-life economic problems are reproduced in the simulation
 
*Examples:
 
**Tariffs, international trade
 
**Specialization of labor, Adam Smith
 
**Maximizing revenue of entrepreneurs vs total country revenue
 
**Inflation, Stagflation, Phillips curve
 
**Compare the stability of a central banking system with that of the gold standard
 
**Evaluate the "bailout"
 
*Post summaries of articles up on the wiki
 
**Sign up for the wiki
 
**Edit the section "Papers on economic Agent-Based simulation"
 
  
Extension:
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[http://minsim.cs.princeton.edu Main MinSim Site]
* Look at the household model and formulate ways to improve Chris's model
 
 
 
10/06/08
 
*Went over code
 
*Why don't prices stabilize on its own?
 
*Broad objectives?
 
*Figure out where supply/demand is in the code
 
*use this to see if the simulation satisfies the properties of supply/demand
 
*Play with parameters- More stability with more workers, etc? (keep in mind that this slows down the program)
 
*Brainstorm things we can look at in the future
 
*Interest rates?
 
*Meet separately Wednesday (4:30, Friend library) to look over code
 
*Start looking into old intro micro/macro books
 
 
 
Meeting Recap 10/13/08 - Tasks
 
*Baseline economy
 
*Arbitragers
 
*External Influence
 
**SEC Regulation
 
**Government Regulation
 
**Taxes
 
**Media
 
**Rumors
 
*Factors going into external influence
 
**Banking
 
***Central banks
 
***Gold standard
 
**Technical vs. Fundamental analysis
 
***Trend following
 
**Machine learning
 
***Partial/full information for agent?
 
***Emotional agents?
 
***Agents don’t have to be fully rational
 
***How good should the machine learning be to reflect the world?
 
**International Trade
 
 
 
 
 
Meeting Recap 10/20/08 - Tasks
 
*eric- lifecycles of individual
 
*tony- info flow, communication, mkt for information
 
*stephanie- financial intruments? taxes, 401ks
 

Latest revision as of 03:25, 1 December 2008

This page will detail work done in Agent-Based simulation of a minimal economy (MinSim) at Princeton University and links to research being done elsewhere.

This page will be under constant construction during the Fall 2008-2009 term. Please come back soon for updates.

Research

Links to Chris Chan's papers on MinSim:

Papers on Economic Agent-Based simulation

Using MinSim

Minsim Meeting Agendas and Recaps

Main MinSim Site