605.221 (24S) Agent-based Modeling (RACE2: Modeling Boundedly Rational Agents)

Sommersemester 2024

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Erster Termin der LV
11.06.2024 08:15 - 18:30 S.0.05 On Campus
Nächster Termin:
12.06.2024 08:15 - 18:30 S.0.05 On Campus

Überblick

Lehrende/r
LV-Titel englisch Agent-based-Modeling (RACE2: Modeling Boundedly Rational Agents)
LV-Art Vorlesung-Kurs (prüfungsimmanente LV )
LV-Modell Präsenzlehrveranstaltung
Semesterstunde/n 2.0
ECTS-Anrechnungspunkte 4.0
Anmeldungen 11 (15 max.)
Organisationseinheit
Unterrichtssprache Englisch
LV-Beginn 11.06.2024

Zeit und Ort

Liste der Termine wird geladen...

LV-Beschreibung

Intendierte Lernergebnisse

  • Understanding the core ideas of Agent-based modelling (ABM)
  • Getting an idea of applications of ABM as research approach in business and economics including its virtues and drawbacks
  • Getting a basic understanding of how to implement agent-based models including some computer exercises (but: this course is not a programming course!)

Lehrmethodik

Lecture, discussion, students' presentation, computer exercises.

Please, have a notebook with MS-Excel or a comparable spreadsheet tool installed with you.

Inhalt/e

  • Agent-Based Modelling: A Brief Introduction
  • Concepts of Rationality in Business and Economics: A Brief Introduction
  • Building Agent-Based Models: Basic Introduction and Some Computer Exercises
  • Agent-Based Computational Economics
  • Examples of Research Studies Employing Agent-Based Models (Students’ Presentations)
  • Agent-Based Modelling as a Research Approach: Virtues and Drawbacks

Literatur

Chang M-H, Harrington JE (2006) Agent-based Models of Organizations. In: Tesfatsion L, Judd KL (eds) Handbook of Computational Economics: Agent-based Computational Economics, vol 2. Elsevier, Amsterdam, pp 1273-1337

Macal CM, North MJ (2010) Tutorial on Agent-based Modelling and Simulation. Journal of Simulation 4 (3):151-162

Simon, H. A. 1955. A behavioral model of rational choice. Quarterly Journal of Economics 69 (1):99-118.

Squazzoni F (2010) The Impact of Agent-based Models in the Social Sciences. History of Economic Ideas 18 (2):197-233

Wall F (2016) Agent-based Modeling in Managerial Science: An Illustrative Survey and Study. Review of Managerial Science 10(1):135-193

Further literature will be mentioned in the course's material.

Prüfungsinformationen

Im Fall von online durchgeführten Prüfungen sind die Standards zu beachten, die die technischen Geräte der Studierenden erfüllen müssen, um an diesen Prüfungen teilnehmen zu können.

Prüfungsmethode/n

Short oral presentation (15 min.) and a paper of 12 pages at maximum (not including index, references, appendix...).

Prüfungsinhalt/e

To each examinee a research paper employing agent-based modelling will be assigned.

The oral presentation is intended to give a short overview about the research question and the agent-based model in that paper.

The paper should in depth show/discuss how the research question is captured by the agent-based model employed in the research paper.

Beurteilungskriterien/-maßstäbe

Attendance of at least 75%.

For the presentation and the paper:

  • correctness and clarity (i.e., are the key ideas of the research paper correctly and concisely captured and presented).

For the paper additionally:

  • Elaboration of how the agent-based model reflects the research question of the paper.

Beurteilungsschema

Note Benotungsschema

Position im Curriculum

  • Masterstudium Management, Economics, and Data Science (SKZ: 946, Version: 23W.1)
    • Fach: Minitrack 8: Rationality and Agent-based Computational Economics (Wahlfach)
      • 14.2 RACE2: Modeling Boundedly Rational Agents ( 0.0h VC, VO, UE / 6.0 ECTS)
        • 605.221 Agent-based Modeling (RACE2: Modeling Boundedly Rational Agents) (2.0h VC / 6.0 ECTS)
          Absolvierung im 2-4. Semester empfohlen
  • Doktoratsprogramm Modeling, Simulation and Optimization in Business and Economics (SKZ: ---, Version: 16W.2)
    • Fach: Modelling, Simulation, Optimization in Business and Economics (Pflichtfach)
      • Modelling, Simulation, Optimization in Business and Economics ( 0.0h XX / 0.0 ECTS)
        • 605.221 Agent-based Modeling (RACE2: Modeling Boundedly Rational Agents) (2.0h VC / 4.0 ECTS)
  • Doktoratsstudium Doktoratsstudium der Sozial- und Wirtschaftswissenschaften (SKZ: 300, Version: 18W.1)
    • Fach: Studienleistungen gem. § 3 Abs. 2a des Curriculums (Pflichtfach)
      • Studienleistungen gem. § 3 Abs. 2a des Curriculums ( 0.0h XX / 80.0 ECTS)
        • 605.221 Agent-based Modeling (RACE2: Modeling Boundedly Rational Agents) (2.0h VC / 4.0 ECTS)

Gleichwertige Lehrveranstaltungen im Sinne der Prüfungsantrittszählung

Sommersemester 2021
  • 605.221 SE Agent-based Modeling (2.0h / 4.0ECTS)
Sommersemester 2020
  • 605.221 SE Agent-based Modeling (2.0h / 4.0ECTS)
Sommersemester 2019
  • 605.221 SE Agent-Based Modelling (2.0h / 4.0ECTS)
Sommersemester 2018
  • 605.221 SE Agent-Based Modelling (2.0h / 4.0ECTS)
Sommersemester 2017
  • 605.221 SE Agent-Based Modelling (2.0h / 4.0ECTS)