Скачать или смотреть Economic Simulations: First Installment

This is a short screen capture video in which I explain a bit about economic simulations that I've been developing over the past two years. The simulations are inhabited by agents who try to maximize a utility function, with a taste for variety, and make goods, subject to fixed costs. Fixed costs and taste for variety make it advantageous for agents to specialize and trade. Some agents function as retailers. The rules of the simulation require them to sacrifice 80% of their labor time in order to maintain an establishment that buys and sells a particular good. This video introduces my simulation strategy, using a lot of colorful charts and some detailed tables, while I offer some explanations.