Browsing by Author "Carrella, Ernesto"
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Item Modeling Adaptive Economic Agents With PID Controllers(2015) Carrella, Ernesto; Carrella, Ernesto; Axtell, Robert L.I provide here a counterpoint to the rational agents that dominate economics: rather than adding rigidities and information limits on an otherwise classical feed-forward agent, I build a new feed-back agent that achieves equilibrium without knowledge of the model or the market it is in.