Difference between revisions of "MinSim"
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Extension: | Extension: | ||
* Look at the household model and formulate ways to improve Chris's model | * 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 | ||
Revision as of 18:09, 6 October 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
Meeting Agendas/Tasks for Next Meeting
09/29/08 For next week:
- Look up information on Aspen project/failure(?) (starting point: 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:
- 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
