Agent-based modeling (ABM) has become a fashionable tool to simulate complex systems. Of course we know that dynamical systems theory offers a mathematical framework to model and simulate spatiotemporal phenomena. While there is not a strong difference between equation-based and model-based description, certainly not at the implementational level, agent-based model offers a somewhat different modeling philosophy and practice.
KeywordsStock Market Evolutionary Game Theory Gumbel Distribution Indirect Reciprocity Stock Market Crash
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