This introductory overview explores the methods, models and interdisciplinary links of artificial economics, a new way of doing economics in which the interactions of artificial economic agents are computationally simulated to study their individual and group behavior patterns. Conceptually and intuitively, and with simple examples, Mercado addresses the differences between the basic assumptions and methods of artificial economics and those of mainstream economics. He goes on to explore various disciplines from which the concepts and methods of artificial economics originate; for example cognitive science, neuroscience, artificial intelligence, evolutionary science and complexity science. Introductory discussions on several controversial issues are offered, such as the application of the concepts of evolution and complexity in economics and the relationship between artificial intelligence and the philosophies of mind. This is one of the first books to fully address artificial economics, emphasizing its interdisciplinary links and presenting in a balanced way its occasionally controversial aspects.

'The use of Artificial Intelligence-driven methods in economics are becoming widespread. Ruben Mercado's book gives, at an entry-level, a nice overview of the various domains where AI is applied in economics. Through its intuitive approach, the book gives a good insight into this new field and is accessible to a broad audience.'

Hans Amman - University of Amsterdam

'This book does an outstanding job at fleshing out different approaches to the study of artificial economies. Mercado provides a detailed examination of the philosophical foundations that justify the conflation of artificial and human economies and reveals the wide-ranging connections between the study of complex systems, computer science, and behavioral science. Mercado has the rare ability of being able to speak to attract both the specialist and the uninitiated to the exploration of worlds populated by artificial agents engaged in economic interactions. This alone makes the book worth reading.'

Fernando Tohmé - Universidad Nacional del Sur, Argentina

'Ruben Mercado's Artificial Economics is a readable, stimulating introduction to the modeling principles and to the main techniques used in this field. The book focuses on intuitive and conceptual aspects, and it is easily accessible to readers independently of their background. It presents the different techniques using selected, distilled examples, and it complements each approach with a discussion of its links to other disciplines in the social sciences that approach the same problems from different perspectives.'

Segismundo Izquierdo - Universidad de Valladolid