Docente
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BIONDO ALESSIO EMANUELE
(programma)
he course aims to present the developments in the context of Micro- and Macroeconomic Theory deriving from the analysis of, respectively, the behavioral approach in the choice paradigm and the emergent dynamics in collective phenomena. Thus, the first part of the course will provide a broad introduction to the concept of rationality in economics and to the advances of modern literature related to the implementation of bounded rationality and behavioral approaches. The second part, instead, will be focused on the concepts of complexity, heterogeneity and interaction in economic models, and special attention will be devoted to the study of macroeconomic agent-based models. For both blocks, a step-by-step introduction of essential ABM building elements will be provided. Finally, a user-friendly open access platform will be presented in order to enable students to build their own models and perform simulations to be confronted with empirical data for policies assessment.
A - Economic Behavior and Microeconomics:
Rational choice in Economics and Bounded Rationality; Introduction to Computational Economics.
B - Complexity and Macroeconomics:
Complexity and Emergent Macroeconomics; Network Economics, Agent-based Modeling.
Becker G.S., The Economic Approach to Human Behavior, The University of Chicago Press, 1976, chapters: 1, 7, 8, 12, 13.
Gilboa I., Rational Choice, 2010, The MIT Press, Cambridge.
Simon H.A., (1955) A Behavioral Model of Rational Choice, The Quarterly Journal of Economics, vol.69, No.1., pp.99-118.
Kahneman D., Tversky A., (1979) An Analysis of Decision under Risk, Econometrica, Vol. 47, No. 2 (Mar., 1979), pp. 263-291
Kahneman D., Tversky A., (1984) Choice, Values, Frames, American Psychologist, vol. 39, No. 4, 341-350.
Cioffi-Revilla C., Introduction to Computational Social Science, Springer 2014, chapters: 5, 6, 7.
Delli Gatti D., Gaffeo E., Gallegati M., Giulioni G., Palestrini A., Emergent Macroeconomics, 2008, Springer-Verlag, Milan.
Jackson M.O., Social and Economic Networks, 2010, Princeton University Press, chapters: 2, 3, 6, 7, 8, 9, 12.
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