Agent-based modelling (ABM) has emerged as a pivotal tool in macroeconomics and economic policy analysis. By simulating the interactions of numerous heterogeneous agents — such as households, firms, ...

Background: The propagation of communicable diseases through a population is an inherent spatial and temporal process of great importance for modern society. For this reason a spatially explicit ...

A new book provides an overview of agent-based modeling (ABM) and multi-agent systems (MAS), emphasizing their significance in understanding complex economic systems. The book's 14 chapters feature ...

What are “complex systems” in this context? These are noncomputer systems, such as a company’s supply chain. A system is “complex” when it has so many variables and interacting forces that it can’t be ...

Tomer Guriel is the co-founder and CEO of ezbob, a proprietary core lending platform that enables banks to migrate to digital services. I predict that soon we will not be able to imagine our lives ...

Many personal transportation-related decisions—such as vehicle purchases—are influenced by life events, like the birth of a child or a change in employment. Modeling tools that reflect how life ...

Spatial epidemiology issues are outstandingly important, particularly the viral spread through populated areas is believed to be one of the major concerns. [1] The incidence and prevalence of ...