Validation and Functional Complexity

This paper provides a framework for discussing the validity of computer simulation models of market phenomena. It defines functional complexity and derives measures of this for a well known agent-based simulation model and suggests methods to overcome the obstacle of complexity in validating such models.

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Year of publication:	2013-10
Authors:	Marks, Robert E.
Institutions:	School of Economics, UNSW Business School
Subject:	validation of simulation models \| agent-based simulations \| functional complexity

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Extent:	application/pdf
Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 2013-30 10 pages
Classification:	C63 - Computational Techniques ; C52 - Model Evaluation and Testing
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010714173