OPEN PROBLEMS IN USING AGENT-BASED MODELS IN INDUSTRIAL AND LABOR DYNAMICS

Nigel Gilbert ()
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Nigel Gilbert: CRESS, Department of Sociology, School of Human Sciences, University of Surrey, Guildford, Surrey, GU2 7XH, United Kingdom

Advances in Complex Systems (ACS), 2004, vol. 07, issue 02, 285-288

Abstract: The preceding papers have shown the impressive versatility and potential of agent-based modeling in developing an understanding of industrial and labor dynamics. The main attraction of agent-based models is that the actors — firms, workers, and networks — that are the objects of study in the 'real world,' can be represented directly in the model. This one-to-one correspondence between model agents and economic actors provides greater clarity and more opportunities for analysis than many alternative modeling approaches. However, the advantages of agent-based modeling have to be tempered by disadvantages and as yet unsolved methodological problems. In this brief summary drawn from the discussion at the closing session of WILD@ACE, we review three of these open problems in the context of the papers presented at the conference: How can agent-based models be empirically validated? What criteria should be used to evaluate the explanatory success of agent-based models? And how can the conclusions of research on similar topics be integrated?

Keywords: Methodology; validation; integration of models (search for similar items in EconPapers)
Date: 2004
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Citations: View citations in EconPapers (5)

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DOI: 10.1142/S0219525904000093

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