Agent-based modelling (ABM) has emerged as a pivotal tool in macroeconomics and economic policy analysis. By simulating the interactions of numerous heterogeneous agents — such as households, firms, ...

Jackson, Joshua Conrad, David Rand, Kevin Lewis, Michael I. Norton, and Kurt Gray. "Agent-based Modeling: A Guide for Social Psychologists." Social Psychological & Personality Science 8, no. 4 (May ...

Uri Wilensky of Northwestern University’s Center for Connected Learning and Computer-Based Modeling Department observed the world has a variety of natural or emergent phenomena consisting of patterns, ...

Finance theory continues to develop beyond the traditional academic precincts of rational expectations and efficient markets, with the latest innovations coming from psychology, neuroscience and ...

A new book provides an overview of agent-based modeling (ABM) and multi-agent systems (MAS), emphasizing their significance in understanding complex economic systems. The book's 14 chapters feature ...

Directions Magazine is pleased to welcome Eva Reid as a regular columnist. In her debut contribution, she examines how health data modeling—particularly through GIS and agent-based systems—will ...

What are “complex systems” in this context? These are noncomputer systems, such as a company’s supply chain. A system is “complex” when it has so many variables and interacting forces that it can’t be ...