English, Article edition: OPEN PROBLEMS IN USING AGENT-BASED MODELS IN INDUSTRIAL AND LABOR DYNAMICS NIGEL GILBERT

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Bookmark: http://trove.nla.gov.au/version/143873
Physical Description
  • article
Language
  • English

Edition details

Title
  • OPEN PROBLEMS IN USING AGENT-BASED MODELS IN INDUSTRIAL AND LABOR DYNAMICS
Author
  • NIGEL GILBERT
Physical Description
  • article
Notes
  • 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 â firms, workers, and networks â 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?
  • Methodology, validation, integration of models
  • RePEc:wsi:acsxxx:v:07:y:2004:i:02:p:285-288
Language
  • English
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