Assenza, Tiziana; Delli Gatti, Domenico - Groupe de REcherche en Droit, Économie, Gestion … - 2012
From the point of view of the average macroeconomist, agent based modelling has an obvious drawback: It makes impossible to think in aggregate terms. The modeller, in fact, can reconstruct aggregate variables only "from the bottom up" by summing the individual quantities. As a consequence the...