Convergence of the Social Fabric Matrix and Complex Modeling

Michael J. Radzicki
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Michael J. Radzicki: Worcester Polytechnic Institute

A chapter in Institutional Analysis and Praxis, 2009, pp 69-85 from Springer

Abstract: Abstract System dynamics is a computer modeling technique that is used to solve problems in complex socioeconomic systems through the design or redesign of system structure. Its application often involves the elicitation and mapping of knowledge from experts and stakeholders who possess detailed information about the relevant structure and behavior of the system under study. A digital computer is then used to accurately trace through the dynamics inherent in the mapping – a task that humans cannot do reliably via thought and debate due to their inherent cognitive limitations. The purpose of this chapter is to illustrate how Hayden’s Social Fabric Matrix can add value to system dynamics modeling by introducing discipline and an organizational framework based on institutional economic theory to the knowledge elicitation process. Potential pitfalls are discussed and examples are provided. An important conclusion is that the combination of the two tools can be profitably used for consensus building among experts – a result that is vital for effective policy formulation.

Keywords: System Dynamic Model; General System Theory; Socioeconomic System; Causal Loop; Knowledge Elicitation (search for similar items in EconPapers)
Date: 2009
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DOI: 10.1007/978-0-387-88741-8_5

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