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Agent-based computational economics (ACE) is the computational study of economies modeled as evolving systems of autonomous interacting agents. Thus, ACE is a specialization to economics of the basic complex adaptive systems paradigm. This paper outlines the main objectives and defining characteristics of the ACE methodology, and discusses several active research areas.
Elsevier Science Inc.
Tesfatsion, Leigh, "Agent-based computational economics: modeling economies as complex adaptive systems" (2003). Economics Publications. 424.