Difference between revisions of "MinSim"

From CSWiki
Jump to: navigation, search
(Meeting Agendas/Tasks for Next Meeting)
(7 intermediate revisions by 2 users not shown)
Line 16: Line 16:
[[Using MinSim]]
[[Using MinSim]]
==Meeting Agendas/Tasks for Next Meeting==
[[Minsim Meeting Agendas and Recaps]]
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
**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"
[http://minsim.cs.princeton.edu Main MinSim Site]
* Look at the household model and formulate ways to improve Chris's model
*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
*External Influence
**SEC Regulation
**Government Regulation
*Factors going into external influence
***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?
**Current banking system, politician's plans- will it work? Moratorium on mortgages. Free market vs. regulation of government
**Controversy b/w deregulation and regulation, party platforms
*CVS setup

Latest revision as of 04:25, 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.


Links to Chris Chan's papers on MinSim:

Papers on Economic Agent-Based simulation

Using MinSim

Minsim Meeting Agendas and Recaps

Main MinSim Site