Agent-based and macroscopic modeling of the complex socio-economic systems

Aleksejus Kononovicius and Valentas Daniunas

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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.

Date: 2013-03, Revised 2013-04
New Economics Papers: this item is included in nep-evo, nep-hme and nep-hpe
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Citations: View citations in EconPapers (2)

Published in Social Technologies 3 (1): 85-103 (2013)

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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:1303.3693

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