A research paper of Hossein Sabzian (2019), Theories and Practice of Agent based Modeling: Some practical Implications for Economic Planners, ArXiv, 54p

OSF Preprints
Dai-Long Ngo-Hoang


Nowadays, we are surrounded by a large number of complex phenomena such as virus epidemic, rumor spreading, social norms formation, emergence of new technologies, rise of new economic trends and disruption of traditional businesses. To deal with such phenomena, social scientists often apply reductionism approach where they reduce such phenomena to some lower-lever variables and model the relationships among them through a scheme of equations (e.g. Partial differential equations and ordinary differential equations). This reductionism approach which is often called equation based modeling (EBM) has some fundamental weaknesses in dealing with real world complex systems, for example in modeling how a housing bubble arises from a housing market, the whole market is reduced into some factors (i.e. economic agents) with unbounded rationality and often perfect information, and the model built from the relationships among such factors is used to explain the housing bubble while adaptability and the evolutionary nature of all engaged economic agents along with network effects go unaddressed. In tackling deficiencies of reductionism approach, in the past two decades, the Complex Adaptive System (CAS) framework has been found very influent...Continue Reading

Related Concepts

Trending Feeds


Coronaviruses encompass a large family of viruses that cause the common cold as well as more serious diseases, such as the ongoing outbreak of coronavirus disease 2019 (COVID-19; formally known as 2019-nCoV). Coronaviruses can spread from animals to humans; symptoms include fever, cough, shortness of breath, and breathing difficulties; in more severe cases, infection can lead to death. This feed covers recent research on COVID-19.

STING Receptor Agonists

Stimulator of IFN genes (STING) are a group of transmembrane proteins that are involved in the induction of type I interferon that is important in the innate immune response. The stimulation of STING has been an active area of research in the treatment of cancer and infectious diseases. Here is the latest research on STING receptor agonists.

Chronic Fatigue Syndrome

Chronic fatigue syndrome is a disease characterized by unexplained disabling fatigue; the pathology of which is incompletely understood. Discover the latest research on chronic fatigue syndrome here.

Hereditary Sensory Autonomic Neuropathy

Hereditary Sensory Autonomic Neuropathies are a group of inherited neurodegenerative disorders characterized clinically by loss of sensation and autonomic dysfunction. Here is the latest research on these neuropathies.

Glut1 Deficiency

Glut1 deficiency, an autosomal dominant, genetic metabolic disorder associated with a deficiency of GLUT1, the protein that transports glucose across the blood brain barrier, is characterized by mental and motor developmental delays and infantile seizures. Follow the latest research on Glut1 deficiency with this feed.

Regulation of Vocal-Motor Plasticity

Dopaminergic projections to the basal ganglia and nucleus accumbens shape the learning and plasticity of motivated behaviors across species including the regulation of vocal-motor plasticity and performance in songbirds. Discover the latest research on the regulation of vocal-motor plasticity here.

Neural Activity: Imaging

Imaging of neural activity in vivo has developed rapidly recently with the advancement of fluorescence microscopy, including new applications using miniaturized microscopes (miniscopes). This feed follows the progress in this growing field.

Nodding Syndrome

Nodding Syndrome is a neurological and epileptiform disorder characterized by psychomotor, mental, and growth retardation. Discover the latest research on Nodding Syndrome here.

LRRK2 & Microtubules

Mutations in the LRRK2 gene are risk-factors for developing Parkinson’s disease (PD). LRRK2 mutations in PD have been shown to enhance its association with microtubules. Here is the latest research.

Related Papers

Journal of the Royal Society of Medicine
J M Grange
Trends in Biochemical Sciences
E T Rakitzis
Journal of the Royal Society of Medicine
R A Fisken
© 2021 Meta ULC. All rights reserved