Time in discrete agent-based models of socio-economic systems
AbstractWe formulate the problem of computing time in discrete dynamical agent-based models in the context of socio-economic modeling. For such formulation, we outline a simple solution. This requires minimal extensions of the original untimed model. The proposed solution relies on the notion of agent-specific schedules of action and on two modeling assumptions. These are fulfilled by most models of pratical interest. For models for which stronger assumptions can be made, we discuss alternative formulations.
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Date of creation: Sep 2010
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Agent-based models; time.;
Other versions of this item:
- Nicola Botta & Antoine Mandel & Cezar Ionescu, 2010. "Time in discrete agent-based models of socio-economic systems," Documents de travail du Centre d'Economie de la Sorbonne 10076, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
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