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Making Sense of Chaos with Doyne Farmer

Thinkers & Ideas

CHAPTER

Unleashing the Power of Agent-Based Modeling in Diverse Fields

Exploring the historical impact and challenges of utilizing agent-based modeling in various disciplines, including its limited adoption in economics due to the intricacies of human decision-making. Emphasizing the significance of data accuracy, microscale comparisons, and international interactions in enhancing modeling outcomes and selecting the most suitable approach for complex problems.

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