Neuroeconomic multiple-self models describe individuals' choices as the equilibrium of the interaction amongst neural sites modelled as economic agents. This approach aims at explaining some ...

Economic theory failed to envisage even the possibility of a financial crisis like the present one. A new foundation is needed that takes into account the interplay between heterogeneous agents. Once ...

Agent-based modelling (ABM) has emerged as a pivotal tool in macroeconomics and economic policy analysis. By simulating the interactions of numerous heterogeneous agents — such as households, firms, ...

Economists have an imaginary person they call a “representative agent,” who is about as realistic as the Easter bunny or the Abominable Snowman. The representative agent is supposed to stand in for ...