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Herbert Simon and Agent-Based Computational Economics

The seventh in a series of excerpts from Minds, Models and Milieux: Commemorating the Centennial of the Birth of Herbert Simon. Shu-Heng Chen and Ying Fang Kao Herbert Simon is a quintessential interdisciplinary scholar who has made pioneering contributions concerning the notion of bounded rationality, has built models based on it, and has also made important advances in…

Herbert Simon and Agent-Based Computational Economics

The seventh in a series of excerpts from Minds, Models and Milieux: Commemorating the Centennial of the Birth of Herbert Simon. Shu-Heng Chen and Ying Fang Kao Herbert Simon is a quintessential interdisciplinary scholar who has made pioneering contributions concerning the notion of bounded rationality, has built models based on it, and has also made important advances in…