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A published simulation model (Riolo et al. 2001) was replicated in two independent implementations so that the results as well as the conceptual design align. This double replication allowed the original to be analysed and critiqued with confidence. In this case, the replication revealed some...
Persistent link: https://www.econbiz.de/10005481572
In this paper we propose a general framework for web-enabling economic and financial simulations. Especially suited for agent-based models, the system is fully build upon Open Source software and well-known standards which ensure a very high level of generality. For the sake of completeness, two...
Persistent link: https://www.econbiz.de/10005481586
This short comment on Epstein's (2008) paper and on the response by Thompson and Derr argues that the symmetry between explanation and prediction cannot satisfactorily be discussed without making clear what prediction means - depending on which connotations the authors have with 'prediction'...
Persistent link: https://www.econbiz.de/10005481589
This address treats some enduring misconceptions about modeling. One of these is that the goal is always prediction. The lecture distinguishes between explanation and prediction as modeling goals, and offers sixteen reasons other than prediction to build a model. It also challenges the common...
Persistent link: https://www.econbiz.de/10005481595