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Simulated Economy Tutorial

(jasonfantl.com)
105 points jfantl | 1 comments | 02 Apr 25 00:05 UTC | HN request time: 0.209s | source
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cowpig ◴[02 Apr 25 02:35 UTC] No.43553212[source]▶
Primer is a youtube channel with a fantastic intuitive and gentle introduction to this topic: https://www.youtube.com/watch?v=PNtKXWNKGN8

This paper from one of the field's pioneers is a nice introductory overview of the space from an academic perspective: https://faculty.sites.iastate.edu/tesfatsi/archive/tesfatsi/...

replies(1): >>43562622 #
1. littlestymaar ◴[02 Apr 25 22:45 UTC] No.43562622[source]▶
I love Primer, but this particular video has a fatal flaw which makes it converge to the same result as microeconomics: it considers seller's cost to be a marginal cost, which is zero when the rocket hasn't been sold and is paid when the rocket is sold. But that's absolutely not how real world market works, and a multi-agent simulation which has the ability to use different hypothesis (upfront costs) should definitely do so, because then we'd see a completely different result.