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:
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
- 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"
- 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