Advances in the agent-based modeling of economic and social behavior

In this review we discuss advances in the agent-based modeling of economic and social systems. We show the state of the art of the heuristic design of agents and how behavioral economics and laboratory experiments have improved the modeling of agent behavior. We further discuss how economic networks...

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Autores principales: Steinbacher, Mitja, Raddant, Matthias, Karimi, Fariba, Camacho Cuena, Eva, Alfarano, Simone, Iori, Giulia, Lux, Thomas
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer International Publishing 2021
Materias:
Review
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8262124/
https://www.ncbi.nlm.nih.gov/pubmed/34778836
http://dx.doi.org/10.1007/s43546-021-00103-3
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author Steinbacher, Mitja
Raddant, Matthias
Karimi, Fariba
Camacho Cuena, Eva
Alfarano, Simone
Iori, Giulia
Lux, Thomas
author_facet Steinbacher, Mitja
Raddant, Matthias
Karimi, Fariba
Camacho Cuena, Eva
Alfarano, Simone
Iori, Giulia
Lux, Thomas
author_sort Steinbacher, Mitja
collection PubMed
description In this review we discuss advances in the agent-based modeling of economic and social systems. We show the state of the art of the heuristic design of agents and how behavioral economics and laboratory experiments have improved the modeling of agent behavior. We further discuss how economic networks and social systems can be modeled and we discuss novel methodology and data sources. Lastly, we present an overview of estimation techniques to calibrate and validate agent-based models and show avenues for future research.
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spelling pubmed-82621242021-07-07 Advances in the agent-based modeling of economic and social behavior Steinbacher, Mitja Raddant, Matthias Karimi, Fariba Camacho Cuena, Eva Alfarano, Simone Iori, Giulia Lux, Thomas SN Bus Econ Review In this review we discuss advances in the agent-based modeling of economic and social systems. We show the state of the art of the heuristic design of agents and how behavioral economics and laboratory experiments have improved the modeling of agent behavior. We further discuss how economic networks and social systems can be modeled and we discuss novel methodology and data sources. Lastly, we present an overview of estimation techniques to calibrate and validate agent-based models and show avenues for future research. Springer International Publishing 2021-07-07 2021 /pmc/articles/PMC8262124/ /pubmed/34778836 http://dx.doi.org/10.1007/s43546-021-00103-3 Text en © The Author(s) 2021 https://creativecommons.org/licenses/by/4.0/Open AccessThis article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/ (https://creativecommons.org/licenses/by/4.0/) .
spellingShingle Review
Steinbacher, Mitja
Raddant, Matthias
Karimi, Fariba
Camacho Cuena, Eva
Alfarano, Simone
Iori, Giulia
Lux, Thomas
Advances in the agent-based modeling of economic and social behavior
title Advances in the agent-based modeling of economic and social behavior
title_full Advances in the agent-based modeling of economic and social behavior
title_fullStr Advances in the agent-based modeling of economic and social behavior
title_full_unstemmed Advances in the agent-based modeling of economic and social behavior
title_short Advances in the agent-based modeling of economic and social behavior
title_sort advances in the agent-based modeling of economic and social behavior
topic Review
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8262124/
https://www.ncbi.nlm.nih.gov/pubmed/34778836
http://dx.doi.org/10.1007/s43546-021-00103-3
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