Leigh Tesfatsion is a computational economist

Computational economics

Computational economics is a research discipline at the interface between computer science and economic and management science. Areas encompassed include agent-based computational modeling, computational modeling of dynamic macroeconomic systems and transaction costs, other applications in...

 who teaches at Iowa State University

Iowa State University

Iowa State University of Science and Technology, more commonly known as Iowa State University , is a public land-grant and space-grant research university located in Ames, Iowa, United States. Iowa State has produced astronauts, scientists, and Nobel and Pulitzer Prize winners, along with a host of...

. She received her doctorate at the University of Minnesota

University of Minnesota

The University of Minnesota, Twin Cities is a public research university located in Minneapolis and St. Paul, Minnesota, United States. It is the oldest and largest part of the University of Minnesota system and has the fourth-largest main campus student body in the United States, with 52,557...

, and taught at the University of Southern California

University of Southern California

The University of Southern California is a private, not-for-profit, nonsectarian, research university located in Los Angeles, California, United States. USC was founded in 1880, making it California's oldest private research university...

 before moving to Iowa State. She is known for promoting agent-based

Agent-Based Computational Economics

Agent-based computational economics is the major aspect of computational economics that studies economic processes, including whole economies, as dynamic systems of interacting agents. As such, it falls in paradigm of complex adaptive systems...

 models as an alternative to rational expectations

Rational expectations

Rational expectations is a hypothesis in economics which states that agents' predictions of the future value of economically relevant variables are not systematically wrong in that all errors are random. An alternative formulation is that rational expectations are model-consistent expectations, in...

 general equilibrium

Dynamic stochastic general equilibrium

Dynamic stochastic general equilibrium modeling is a branch of applied general equilibrium theory that is influential in contemporary macroeconomics...

models for studying markets, finance, and macroeconomic phenomena. Her works are widely cited in the literature on the subject.

Selected publications

• Leigh Tesfatsion, 1997. "How Economists Can Get Alife," in W. B. Arthur, S. Durlauf, and D. Lane, eds., The Economy as an Evolving Complex System, II, pp. 533-564. Addison-Wesley. Pre-publication PDF.
• _____, 2001. "Introduction to the Special Issue on Agent-based Computational Economics," Journal of Economic Dynamics & Control, 25(3-4), pp. 281-293.
• _____, 2002. "Agent-Based Computational Economics: Growing Economies From the Bottom Up," Artificial Life, 8(1), pp.55-82. Abstract and pre-publication PDF.
• _____, 2003. "Agent-based Computational Economics: Modeling Economies as Complex Adaptive Systems," Information Sciences, 149(4), pp. 262-268.
• _____, 2006. "Agent-Based Computational Economics: A Constructive Approach to Economic Theory," ch. 16, Handbook of Computational Economics, v. 2, pp. 831-880. Abstract/outline. 2005 prepublication PDF.
• _____ and Kenneth L. Judd, eds., 2006. Handbook of Computational Economics, Volume 2, Agent-Based Computational Economics, Handbooks in Economics Series, Elsevier/North-Holland, Amsterdam. ISBN 0444512535. Description and chapter-preview links.

External links

• Leigh Tesfatsion's homepage
• Agent-Based Computational Economics - maintained by Leigh Tesfatsion