[FRIAM] Fwd: CSSSA April Webinar

[Stephen Guerin]

---------- Forwarded message ---------
From: Computational Social Science Society of the Americas <
newsletter at computationalsocialscience.org>
Date: Fri, Mar 28, 2025, 7:10 PM
Subject: CSSSA April Webinar
To: <stephen.guerin at simtable.com>


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<https://mailchi.mp/6007323ec35a/csssa-april-webinar?e=8cb4039763>

Dear CSSSA members,
We are very excited to host *Robert Axtell and Doyne Farmer*
discussing* “Agent-Based
Modeling in the Economics and Finence*” in our 2025 webinar series on
*Wednesday,
April 2nd**, at 10 am (ET) . **Click here to register for the webinar*
<https://computationalsocialscience.us9.list-manage.com/track/click?u=4f667f8d01c7a2b9a0490726c&id=2172fd08e1&e=8cb4039763>





*Abstract*
In a long paper in the *Journal of Economic Literature* Axtell and Farmer
review agent-based modeling (ABM) in economics and finance and highlight
how it can be used to relax conventional assumptions in standard models.
ABM has enriched the understanding of markets, industrial organization,
labor, macro, development, and environmental economics. In finance,
substantial accomplishments include understanding clustered volatility,
market impact, systemic risk, and housing markets. A vision is presented
for how ABMs might be used in the future to build more realistic models of
the economy. Hurdles that must be overcome to achieve this are discussed.
Their paper includes more than 800 references including many from adjacent
fields.

Biographs
*Professor Axtell* is the author, with Joshua Epstein, of Growing
Artificial Societies: Social Science from the Bottom Up (MIT Press). His
research has appeared in *Science*, *Nature*, *Proceedings of the National
Academy of Sciences*, as well as in leading field-specific journals
such as *The
Journal of Economic Literature, The American Economic Review*, *The
Economic* *Journal*, and many others. His research has been reprised in
newspapers (e.g., *Wall St. Journal*, *Los Angeles Times*, *Washington Post*)
and science magazines (e.g., *Scientific American*, *Technology Review,
Wired*). For the past decade he has been using microdata on individuals to
build large-scale models of the Financial Crisis of 2008-9 (with JD Farmer,
Oxford, and J Geanakoplos, Yale), the dynamics of business firms (with O
Guerrero, Turing Institute), and natural resource exploitation, e.g.,
fisheries (with UC Santa Barbara, Oxford, and the Ocean Conservancy). The
research on companies is described at length in a forthcoming book,
‘Dynamics of Firms from the Bottom Up: Data, Theories, and Models’, due out
next year, which uses U.S. micro-data on firm sizes, ages, growth rates,
networks, and locations to create a model at 1:1 scale with the American
economy.

*Prof. Doyne Farmer* is an American complex systems scientist and
entrepreneur with interests in chaos theory, complexity and econophysics.
He has published papers in *Science* and *Nature* as well as leading
economics journals like the *Journal of Economic Behavior & Organization*.
He is Baillie Gifford Professor of Complex Systems Science at the Smith
School of Enterprise and the Environment, Oxford University, where he is
also director of the Complexity Economics programme at the Institute for
New Economic Thinking at the Oxford Martin School. Additionally, he is an
external professor at the Santa Fe Institute. His current research is on
complexity economics, focusing on systemic risk in financial markets and
technological progress. He has recently published a book entitled ‘Making
Sense of Chaos: A Better Economics for a Better World.’

CSSSA Secretary is inviting you to a scheduled Zoom meeting.

Topic: CSSSA April Webinar
Time: Apr 2, 2025 10:00 AM Eastern Time (US and Canada)
Join Zoom Meeting
https://us02web.zoom.us/j/82181451627?pwd=uYQJrmdphT9pefWvGKbhQgxQby3beG.1

Meeting ID: 821 8145 1627
Passcode: csssa2025

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