Thomas Lux⁎,1; Remco C.J. Zwinkels†⁎Christian Albrechts Universität zu Kiel, Germany†Vrije Universiteit Amsterdam and Tinbergen Institute, The Netherlands1Corresponding author. email address: firstname.lastname@example.org
The literature on agent-based models has been highly successful in replicating many stylized facts of financial and macroeconomic time series. Over the past decade, however, also advances in the estimation of such models have been made. Due to the inherent heterogeneity of agents and nonlinearity of agent-based models, fundamental choices have to be made to take the models to the data. In this chapter we provide an overview of the current literature on the ...
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