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Economics: Meltdown modelling.

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Bibliographic Details
Title: Economics: Meltdown modelling.
Authors: Buchanan, Mark
Source: Nature. 8/6/2009, Vol. 460 Issue 7256, p680-682. 3p. 1 Color Photograph, 1 Illustration.
Subjects: Economic models, Econometrics, Financial analysts, Financial crises, Computer simulation, Economics software, Human behavior, Economics
Abstract: The article presents the author's insights regarding various economic models. It states that financial regulators are not equipped with tools that are essential in the prediction and prevention of economic meltdowns. It mentions that financial analysts and economists are only armed with statistical measures of standard econometrics. It notes that some economists have collaborated with physicist in exploring the "agent-based" models which makes minimal assumption on human behaviour and inherent market stability. The author cites that more scientists are insisting that the financial industry needs an agent-based computer models which could detect unexpected risks and threats in the economy.
Database: Psychology and Behavioral Sciences Collection
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PubType: Academic Journal
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  Data: Economics: Meltdown modelling.
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  Data: <searchLink fieldCode="JN" term="%22Nature%22">Nature</searchLink>. 8/6/2009, Vol. 460 Issue 7256, p680-682. 3p. 1 Color Photograph, 1 Illustration.
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  Data: The article presents the author's insights regarding various economic models. It states that financial regulators are not equipped with tools that are essential in the prediction and prevention of economic meltdowns. It mentions that financial analysts and economists are only armed with statistical measures of standard econometrics. It notes that some economists have collaborated with physicist in exploring the "agent-based" models which makes minimal assumption on human behaviour and inherent market stability. The author cites that more scientists are insisting that the financial industry needs an agent-based computer models which could detect unexpected risks and threats in the economy.
PLink https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=pbh&AN=43566880
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        Value: 10.1038/460680a
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        Text: English
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        PageCount: 3
        StartPage: 680
    Subjects:
      – SubjectFull: Economic models
        Type: general
      – SubjectFull: Econometrics
        Type: general
      – SubjectFull: Financial analysts
        Type: general
      – SubjectFull: Financial crises
        Type: general
      – SubjectFull: Computer simulation
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      – SubjectFull: Economics software
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      – SubjectFull: Human behavior
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      – SubjectFull: Economics
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      – TitleFull: Economics: Meltdown modelling.
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              Text: 8/6/2009
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