Agent-based modelling in grey economic systems
Date
2023-02-05
Advisors
Journal Title
Journal ISSN
ISSN
2731-4944
Volume Title
Publisher
Springer
Type
Book chapter
Peer reviewed
Abstract
The economic systems are basically grey systems due to their components and to their interactions which enable the occurrence of uncertainty. First, the human component plays an important role as a consequence of its usually unpredictable and sometimes irrational behavior, a situation strictly related to the way the humans are thinking and acting. From here, it can easily be demonstrated that when analyzing a system, we are facing grey knowledge. This kind of knowledge exists and it represents that small piece of puzzle needed to successfully fill the gap separating the explicit knowledge form the tacit one, also conducting to uncertainty.
Description
Keywords
Agent-based modelling, Grey systems, Grey decision-making
Citation
Delcea, C., Yang, Y., Liu, S. and Cotfas, L. A. (2023) Agent-based modelling in grey economic systems. In: Yang, Y. and Liu, S. (Eds.) Emerging studies and applications of grey systems, Singapore: Springer, pp. 105-139