Leigh Tesfatsion is a
computational economist who taught at
Iowa State University
Iowa State University of Science and Technology (Iowa State University, Iowa State, or ISU) is a public land-grant research university in Ames, Iowa. Founded in 1858 as the Iowa Agricultural College and Model Farm, Iowa State became one of th ...
. She received her doctorate at the
University of Minnesota
The University of Minnesota, formally the University of Minnesota, Twin Cities, (UMN Twin Cities, the U of M, or Minnesota) is a public land-grant research university in the Twin Cities of Minneapolis and Saint Paul, Minnesota, United States. ...
, and taught at the
University of Southern California
, mottoeng = "Let whoever earns the palm bear it"
, religious_affiliation = Nonsectarian—historically Methodist
, established =
, accreditation = WSCUC
, type = Private research university
, academic_affiliations =
, endowment = $8.1 ...
before moving to Iowa State. She is known for promoting
agent-based models as an alternative to
rational expectations
In economics, "rational expectations" are model-consistent expectations, in that agents inside the model are assumed to "know the model" and on average take the model's predictions as valid. Rational expectations ensure internal consistency i ...
general equilibrium
In economics, general equilibrium theory attempts to explain the behavior of supply, demand, and prices in a whole economy with several or many interacting markets, by seeking to prove that the interaction of demand and supply will result in an o ...
models for studying markets, finance, and macroeconomic phenomena. Her works are widely cited in the literature on the subject.
Google scholar
Google Scholar is a freely accessible web search engine that indexes the full text or metadata of scholarly literature across an array of publishing formats and disciplines. Released in beta in November 2004, the Google Scholar index includes ...
searches o
"computational economics"
an
"Leigh Tesfatsion"
Selected publications
* Leigh Tesfatsion, 1997. "How Economists Can Get Alife," in W. B. Arthur, S. Durlauf, and D. Lane, eds., ''The Economy as an Evolving Complex System, II'', pp. 533–564. Addison-Wesley. Pre-publicatio
PDF
*_____, 2001. "Introduction to the Special Issue on Agent-based Computational Economics," ''Journal of Economic Dynamics & Control'', 25(3-4), pp.
281-293
* _____, 2002. "Agent-Based Computational Economics: Growing Economies From the Bottom Up," ''Artificial Life'', 8(1), pp. 55–82
Abstractand pre-publicatio
PDF
* _____, 2003. "Agent-based Computational Economics: Modeling Economies as Complex Adaptive Systems," ''Information Sciences'', 149(4), pp
262-268
* _____, 2006. "Agent-Based Computational Economics: A Constructive Approach to Economic Theory," ch. 16, ''Handbook of Computational Economics'', v. 2, pp. 831–880
Abstract/outline 2005 prepublicatio
PDF
* _____ and Kenneth L. Judd, eds., 2006. ''Handbook of Computational Economics'', Volume 2, ''Agent-Based Computational Economics, Handbooks in Economics Series'', Elsevier/North-Holland, Amsterdam. .
Descriptionand chapter-previe
links.
See also
*
Agent-based computational economics
Agent-based computational economics (ACE) is the area of computational economics that studies economic processes, including whole economies, as dynamic systems of interacting agents. As such, it falls in the paradigm of complex adaptive systems. I ...
*
Macroeconomic model
A macroeconomic model is an analytical tool designed to describe the operation of the problems of economy of a country or a region. These models are usually designed to examine the comparative statics and dynamics of aggregate quantities such a ...
Notes
External links
Leigh Tesfatsion's homepage- maintained by Leigh Tesfatsion
*
{{DEFAULTSORT:Tesfatsion, Leigh
Computational economists
University of Minnesota alumni
21st-century American economists
1940s births
Living people