Opinion | Published:

The economy needs agent-based modelling

Nature volume 460, pages 685686 (06 August 2009) | Download Citation

Subjects

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.

Access optionsAccess options

Rent or Buy article

Get time limited or full article access on ReadCube.

from$8.99

All prices are NET prices.

Author information

Affiliations

  1. J. Doyne Farmer is at the Santa Fe Institute, 1399 Hyde Park Road, Santa Fe, New Mexico 87501, USA, and at LUISS Guido Carli in Rome, Italy, and founded the quantitative trading firm Prediction Company.  jdf@santafe.edu

    • J. Doyne Farmer
  2. Duncan Foley is Leo Model Professor of Economics at the New School for Social Research, 6 East 16th Street, New York 10003, USA, and an external professor at the Santa Fe Institute.  foleyd@newschool.edu

    • Duncan Foley

Authors

  1. Search for J. Doyne Farmer in:

  2. Search for Duncan Foley in:

About this article

Publication history

Published

DOI

https://doi.org/10.1038/460685a

See Opinion, page 687, News Feature, page 680, and Editorial, page 667.

Further reading

Comments

By submitting a comment you agree to abide by our Terms and Community Guidelines. If you find something abusive or that does not comply with our terms or guidelines please flag it as inappropriate.

Newsletter Get the most important science stories of the day, free in your inbox. Sign up for Nature Briefing