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政大典藏 > College of Social Science > Department of Economics > Periodical Articles > Item 140.119/121480

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/121480

Title:	Agent-based modelling as a foundation for big data
Authors:	Chen, Shu-Heng 陳樹衡 Venkatachalam, Ragupathy
Contributors:	經濟系
Keywords:	Big data;swarm;prediction markets;information aggregation;agent-based models;abduction
Date:	2017
Issue Date:	2018-12-22 11:59:22 (UTC+8)
Abstract:	In this article, we propose a process-based definition of big data, as opposed to the size- and technology-based definitions. We argue that big data should be perceived as a continuous, unstructured and unprocessed dynamics of primitives, rather than as points (snapshots) or summaries (aggregates) of an underlying phenomenon. Given this, we show that big data can be generated through agent-based models but not by equationbased models. Though statistical and machine learning tools can be used to analyse big data, they do not constitute a big data-generation mechanism. Furthermore, agentbased models can aid in evaluating the quality (interpreted as information aggregation efficiency) of big data. Based on this, we argue that agent-based modelling can serve as a possible foundation for big data. We substantiate this interpretation through some pioneering studies from the 1980s on swarm intelligence and several prototypical agentbased models developed around the 2000s.
Relation:	JOURNAL OF ECONOMIC METHODOLOGY,24(4), 362-383
Data Type:	article
DOI link:	http://dx.doi.org/10.1080/1350178X.2017.1388964
DOI:	10.1080/1350178X.2017.1388964
Appears in Collections:	[Department of Economics] Periodical Articles

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