While the significance of networks in various human behavior and activities has a history as long as human's existence, network awareness is a recent scientific phenomenon. The neologism network science is just one or two decades old. Nevertheless, with this limited time, network thinking has substantially reshaped the recent development in economics, and almost all solutions to real-world problems involve the network element.
This book integrates agent-based modeling and network science. It is divided into three parts, namely, foundations, primary dynamics on and of social networks, and applications. The authors begin with the network origin of agent-based models, known as cellular automata, and introduce a number of classic models, such as Schelling's segregation model and Axelrod's spatial game. The essence of the foundation part is the network-based agent-based models in which agents follow network-based
decision rules. Under the influence of the substantial progress in network science in late 1990s, these models have been extended from using lattices into using small-world networks, scale-free networks, etc. The text also shows that the modern network science mainly driven by game-theorists and
sociophysicists has inspired agent-based social scientists to develop alternative formation algorithms, known as agent-based social networks. It reviews a number of pioneering and representative models in this family. Upon the given foundation, the second part reviews three primary forms of network dynamics, such as diffusions, cascades, and influences. These primary dynamics are further extended and enriched by practical networks in goods-and-service markets, labor markets, and
international trade. At the end, the book considers two challenging issues using agent-based models of networks: network risks and economic growth.
Prof. Dr. Akira Namatame received his Ph. D from Stanford University, USA, in 1979. He joined the Department of Computer Science at Japan Defense Academy in 1988. He was a visiting Professor at George Mason University, USA, and Bandung Institute of Technology, Indonesia. His research interests include multi-agents, evolutionary computation, game theory, social simulation, and computational social sciences. He has published 10 books and more than 250 refereed journal or conference papers. He is the editor-in-chief of "the journal of Economic Interaction and Coordination". Details of Akira Namatame can be found at http://www.nda.ac.jp/~nama. Prof. Dr Shu-Heng Chen Dr. holds a M.A. degree in mathematics and a Ph. D. in Economics from the University of California at Los Angeles, USA. He has more than 150 publications in international journals, edited volumes and conference proceedings. He has been invited to give keynote speeches and plenary talks on many international conferences. He also serves as the editor-in-chief of the Journal of New Mathematics and Natural Computation (World Scientific). Details of Shu-Heng Chen can be found at http://www.aiecon.org/.
1. Introduction ; 2. Network awareness in agent-based models ; 3. Collective dynamics of adaptive agents ; 4. Agent-based models of social networks ; 5. Agent-based diffusion dynamics ; 6. Agent-based cascade dynamics ; 7. Agent-based influence dynamics ; 8. Economic and social networks in reality ; 9. Agent-based modeling of networking risks ; 10. Agent-based modeling of economic crises