Agent-based computer models could anticipate future economic crisis
November 26, 2008
Researchers at the U.S. Department of Energy’s Argonne National Laboratory are trying to create new economic models that will provide policymakers with more realistic pictures of different types of markets so they can better avert future economic catastrophe.
They have created a new set of simulations called “agent-based models” to better anticipate how markets behave. These new models rely on information gleaned in part from surveys that ask respondents… read more



