Deep Learning in Agent-Based Models: A Prospectus

van der Hoog S (2016) Working Papers in Economics and Management, No. 02-2016.
Faculty of Business Administration and Economics, Bielefeld University.

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Abstract
A very timely issue for economic agent-based models (ABMs) is their empirical estimation. This paper describes a line of research that could resolve the issue by using machine learning techniques, using multi-layer artificial neural networks (ANNs), or so called Deep Nets. The seminal contribution by Hinton et al. (2006) introduced a fast and efficient training algorithm called Deep Learning, and there have been major breakthroughs in machine learning ever since. Economics has not yet benefited from these developments, and therefore we believe that now is the right time to apply Deep Learning and multi-layered neural networks to agent-based models in economics.
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van der Hoog S. Deep Learning in Agent-Based Models: A Prospectus. Working Papers in Economics and Management, No. 02-2016. Faculty of Business Administration and Economics, Bielefeld University; 2016.
van der Hoog, S. (2016). Deep Learning in Agent-Based Models: A Prospectus (Working Papers in Economics and Management, No. 02-2016). Faculty of Business Administration and Economics, Bielefeld University.
van der Hoog, S. (2016). Deep Learning in Agent-Based Models: A Prospectus. Working Papers in Economics and Management, No. 02-2016, Faculty of Business Administration and Economics, Bielefeld University.
van der Hoog, S., 2016. Deep Learning in Agent-Based Models: A Prospectus, Working Papers in Economics and Management, No. 02-2016, Faculty of Business Administration and Economics, Bielefeld University.
S. van der Hoog, Deep Learning in Agent-Based Models: A Prospectus, Working Papers in Economics and Management, No. 02-2016, Faculty of Business Administration and Economics, Bielefeld University, 2016.
van der Hoog, S.: Deep Learning in Agent-Based Models: A Prospectus. Working Papers in Economics and Management, No. 02-2016. Faculty of Business Administration and Economics, Bielefeld University (2016).
van der Hoog, Sander. Deep Learning in Agent-Based Models: A Prospectus. Faculty of Business Administration and Economics, Bielefeld University, 2016. Working Papers in Economics and Management, No. 02-2016.
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