Creating a carefully crafted agent-based model of the whole economy is, like climate modelling, a huge undertaking. It requires close feedback between simulation, testing, data collection and the ...

Agent-based modelling (ABM) has emerged as a pivotal tool in macroeconomics and economic policy analysis. By simulating the interactions of numerous heterogeneous agents — such as households ...

This article presents an agent-based computational model of civil violence. Two variants of the civil violence model are presented. In the first a central authority seeks to suppress decentralized ...

A thorough analysis of risks in the banking system requires incorporating banks’ inherent heterogeneity and adaptive behavior in response to shocks and changes in business conditions and the ...

The authors propose agent-based modeling for the study of decentralized finance and decentralized autonomous organizations.