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arXiv · 1303.3693

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

Aleksejus Kononovicius·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.

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Aleksejus Kononovicius, Valentas Daniunas. 2013-04-03. Agent-based and macroscopic modeling of the complex socio-economic systems. https://doi.org/10.13165/st-13-3-1-06

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