Agent-based and macroscopic modeling of the complex socio-economic systems
Abstract
The current economic crisis has provoked an active response from the interdisciplinary scientific community. As a result many papers suggesting what can be improved in understanding of the complex socio-economics systems were published. Some of the most prominent papers on the topic include (Bouchaud, 2009; Farmer and Foley, 2009; Farmer et al, 2012; Helbing, 2010; Pietronero, 2008). These papers share the idea that agent-based modeling is essential for the better understanding of the complex socio-economic systems and consequently better policy making. Yet in order for an agent-based model to be useful it should also be analytically tractable, possess a macroscopic treatment (Cristelli et al, 2012). In this work we shed a new light on our research group's contributions towards understanding of the correspondence between the inter-individual interactions and collective behavior. We also provide some new insights into the implications of the global and local interactions, the leadership and the predator-prey interactions in the complex socio-economic systems.
Cite
@article{arxiv.1303.3693,
title = {Agent-based and macroscopic modeling of the complex socio-economic systems},
author = {Aleksejus Kononovicius and Valentas Daniunas},
journal= {arXiv preprint arXiv:1303.3693},
year = {2018}
}
Comments
12 pages, 6 figures