Bayesian inference for economic agent-based models

Thesis

Interest in agent-based models of financial markets and the wider economy has increased consistently over the last few decades, in no small part due to their ability to reproduce a number of empirically-observed stylised facts that are not easily recovered by more traditional modelling approaches. Nevertheless, the economic agent-based modelling paradigm faces mounting criticism, focused particularly on the rigour of current validation, calibration, and model selection practices, which sti...

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Authors: Platt, D

• Type of award: DPhil
• Level of award: Doctoral
• Awarding institution: University of Oxford
• Language: English
• Subjects: Economics; Mathematics; Finance