Creating a carefully crafted agent-based model of the whole economy is, like climate modelling, a huge undertaking. It requires close feedback between simulation, testing, data collection and the ...

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 ...

Joshua M. Epstein, Modeling Civil Violence: An Agent-Based Computational Approach, Proceedings of the National Academy of Sciences of the United States of America, Vol. 99, No. 10, Supplement 3: ...

A thorough analysis of risks in the banking system requires incorporating banks’ inherent heterogeneity and adaptive behavior in response to shocks and changes in business conditions and the ...

Environmental change can lead to human migration and vice versa. Agent-based models (ABMs) are valuable tools to study these linkages because they can represent individual migration decisions of human ...

The authors propose agent-based modeling for the study of decentralized finance and decentralized autonomous organizations.