The leaders of the world are flying the economy by the seat of their pants, say J. Doyne Farmer and Duncan Foley. There is, however, a better way to help guide financial policies. In today's high-tech age, one naturally assumes that US President Barack Obama's economic team and its international counterparts are using sophisticated quantitative computer models to guide us out of the current economic crisis. They are not.
%0 Journal Article
%1 Farmer2009Economy
%A Farmer, J. Doyne
%A Foley, Duncan
%D 2009
%I Nature Publishing Group
%J Nature
%K econophysics agent-based-models
%N 7256
%P 685--686
%R 10.1038/460685a
%T The economy needs agent-based modelling
%U http://dx.doi.org/10.1038/460685a
%V 460
%X The leaders of the world are flying the economy by the seat of their pants, say J. Doyne Farmer and Duncan Foley. There is, however, a better way to help guide financial policies. In today's high-tech age, one naturally assumes that US President Barack Obama's economic team and its international counterparts are using sophisticated quantitative computer models to guide us out of the current economic crisis. They are not.
@article{Farmer2009Economy,
abstract = {{The leaders of the world are flying the economy by the seat of their pants, say J. Doyne Farmer and Duncan Foley. There is, however, a better way to help guide financial policies. In today's high-tech age, one naturally assumes that US President Barack Obama's economic team and its international counterparts are using sophisticated quantitative computer models to guide us out of the current economic crisis. They are not.}},
added-at = {2019-06-10T14:53:09.000+0200},
author = {Farmer, J. Doyne and Foley, Duncan},
biburl = {https://www.bibsonomy.org/bibtex/28f71c514f00be89df6bbb367e4317953/nonancourt},
citeulike-article-id = {5373955},
citeulike-linkout-0 = {http://dx.doi.org/10.1038/460685a},
citeulike-linkout-1 = {http://dx.doi.org/10.1038/460685a},
day = 6,
doi = {10.1038/460685a},
interhash = {bbc3a33c456c5487d8b16866ba121288},
intrahash = {8f71c514f00be89df6bbb367e4317953},
issn = {0028-0836},
journal = {Nature},
keywords = {econophysics agent-based-models},
month = aug,
number = 7256,
pages = {685--686},
posted-at = {2011-07-30 14:43:56},
priority = {2},
publisher = {Nature Publishing Group},
timestamp = {2019-08-01T15:33:57.000+0200},
title = {{The economy needs agent-based modelling}},
url = {http://dx.doi.org/10.1038/460685a},
volume = 460,
year = 2009
}