A few people have asked me my thoughts on agent-based modeling. I do have some, and you can find them below the fold, but let me preface my remarks by saying that you should no more trust what a game theorist says about agent-based models than you should trust what an agent-based modeler says about game theory -- which, as I'll argue below, means you probably shouldn't trust it very much.
For that reason, I have asked Kyle Joyce, a good friend of mine who teaches Complex Adaptive Systems at UC-Davis, to write a guest post responding to this one.
Spanking Children Should Be Illegal
4 weeks ago