Agent based modelling - Revision history

imported>Doug Williamson: Add link.

2022-07-04T18:10:17Z

Add link.

← Older revision		Revision as of 18:10, 4 July 2022
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	==See also==		==See also==
	* [[Agency]]		* [[Agency]]
			* [[Agent]]
	* [[Behavioural economics]]		* [[Behavioural economics]]
	* [[Classical economics]]		* [[Classical economics]]

imported>Doug Williamson: Categorise.

2018-05-02T09:03:48Z

Categorise.

← Older revision		Revision as of 09:03, 2 May 2018
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	* [[Model]]		* [[Model]]
	* [[Trumponomics]]		* [[Trumponomics]]

			[[Category:Knowledge_and_information_management]]
			[[Category:Identify_and_assess_risks]]

imported>Doug Williamson: Link with Classical economics page

2018-05-01T13:36:50Z

Link with Classical economics page

← Older revision		Revision as of 13:36, 1 May 2018
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	* [[Agency]]		* [[Agency]]
	* [[Behavioural economics]]		* [[Behavioural economics]]
			* [[Classical economics]]
	* [[Game theory]]		* [[Game theory]]
	* [[Irrational]]		* [[Irrational]]
	* [[Model]]		* [[Model]]
	* [[Trumponomics]]		* [[Trumponomics]]

imported>Doug Williamson: Layout.

2017-03-13T16:01:41Z

Layout.

← Older revision		Revision as of 16:01, 13 March 2017
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	:The alternative of government by gut instinct is not an appealing prospect."		:The alternative of government by gut instinct is not an appealing prospect."

	:''The Treasurer magazine, February 2017 p13 - Jeremy Warner, assistant editor of The Daily Telegraph.''		:''The Treasurer magazine, February 2017, p13 - Jeremy Warner, assistant editor of The Daily Telegraph.''

imported>Doug Williamson: Link with Game theory page.

2017-03-09T13:16:02Z

Link with Game theory page.

← Older revision		Revision as of 13:16, 9 March 2017
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	:The alternative of government by gut instinct is not an appealing prospect."		:The alternative of government by gut instinct is not an appealing prospect."


	:''The Treasurer magazine, February 2017 p13 - Jeremy Warner, assistant editor of The Daily Telegraph.''		:''The Treasurer magazine, February 2017 p13 - Jeremy Warner, assistant editor of The Daily Telegraph.''
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	* [[Agency]]		* [[Agency]]
	* [[Behavioural economics]]		* [[Behavioural economics]]
			* [[Game theory]]
	* [[Irrational]]		* [[Irrational]]
	* [[Model]]		* [[Model]]
	* [[Trumponomics]]		* [[Trumponomics]]

imported>Doug Williamson: Shorten example heading.

2017-02-11T12:03:43Z

Shorten example heading.

← Older revision		Revision as of 12:03, 11 February 2017
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	<span style="color:#4B0082">'''''~~Example -~~ Bank of England's economic forecasting'''''</span>		<span style="color:#4B0082">'''''Bank of England's economic forecasting'''''</span>

	:"Andy Haldane, chief economist at the Bank of England... puts a lot of store in 'agent based modelling' (ABM), a computational approach that attempts to integrate the often capricious nature of human and institutional behaviour into forecasting models.		:"Andy Haldane, chief economist at the Bank of England... puts a lot of store in 'agent based modelling' (ABM), a computational approach that attempts to integrate the often capricious nature of human and institutional behaviour into forecasting models.

imported>Doug Williamson: Link with Trumponomics page.

2017-02-11T11:56:00Z

Link with Trumponomics page.

← Older revision		Revision as of 11:56, 11 February 2017
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	* [[Irrational]]		* [[Irrational]]
	* [[Model]]		* [[Model]]
			* [[Trumponomics]]

imported>Doug Williamson: Add Jeremy Warner's job title.

2017-02-11T11:21:30Z

Add Jeremy Warner's job title.

← Older revision		Revision as of 11:21, 11 February 2017
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	:''The Treasurer magazine, February 2017 p13 - Jeremy Warner.''		:''The Treasurer magazine, February 2017 p13 - Jeremy Warner, assistant editor of The Daily Telegraph.''

imported>Doug Williamson: Link with Irrational [behaviour] page.

2017-02-11T10:48:58Z

Link with Irrational [behaviour] page.

← Older revision		Revision as of 10:48, 11 February 2017
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	(ABM).		(ABM).

	A type of ~~computational~~ modelling in which individuals or collective entities (such as organisations or groups) and their interaction with each other and their environment, are explicitly represented.		A type of forecast modelling in which individuals or collective entities (such as organisations or groups) and their interaction with each other and their environment, are explicitly represented.

	ABM assumes that participants in the system are autonomous agents, rather than responding in entirely predictable or passive ways, as assumed by some 'classical' models.		ABM assumes that participants in the system are autonomous agents, rather than responding in entirely predictable or passive ways, as assumed by some 'classical' forecasting models.

	ABM attempts to integrate human and institutional behaviour with a view to assessing their effects on the system as a whole ~~to produce forecasting models~~.		ABM attempts to integrate human and institutional behaviour - including 'irrational' behaviour - with a view to assessing their effects on the system as a whole.


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	* [[Agency]]		* [[Agency]]
	* [[Behavioural economics]]		* [[Behavioural economics]]
			* [[Irrational]]
	* [[Model]]		* [[Model]]

imported>Doug Williamson: Add example.

2017-02-11T10:42:17Z

Add example.

← Older revision		Revision as of 10:42, 11 February 2017
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	(ABM).		(ABM).

	A type of computational modelling ~~approach~~ in which individuals or collective entities (such as organisations or groups) and their interaction with each other and their environment, are explicitly represented in ~~a program~~, or ~~another physical entity such~~ as ~~a robot~~.		A type of computational modelling in which individuals or collective entities (such as organisations or groups) and their interaction with each other and their environment, are explicitly represented.

			ABM assumes that participants in the system are autonomous agents, rather than responding in entirely predictable or passive ways, as assumed by some 'classical' models.

	ABM attempts to integrate human and institutional behaviour with a view to assessing their effects on the system as a whole to produce forecasting models.		ABM attempts to integrate human and institutional behaviour with a view to assessing their effects on the system as a whole to produce forecasting models.

	Both mathematical and experimental approaches are required for ~~its~~ development and application.
			Both mathematical and experimental approaches are required for ABM's development and application.


			<span style="color:#4B0082">'''''Example - Bank of England's economic forecasting'''''</span>

			:"Andy Haldane, chief economist at the Bank of England... puts a lot of store in 'agent based modelling' (ABM), a computational approach that attempts to integrate the often capricious nature of human and institutional behaviour into forecasting models.

			:Let's hope it works; if it doesn't, populist denigration of expert opinion will only intensify further.

			:The alternative of government by gut instinct is not an appealing prospect."


			:''The Treasurer magazine, February 2017 p13 - Jeremy Warner.''