Should shocks be part of our macro-modeling tool kit - for example, as a way of modeling discontinuities in fiscal policy or big moves in the financial markets? What are shocks, and how can we best put them to use? In heterodox macroeconomics, shocks tend to come in two broad types, with some...

Should shocks be part of our macro-modeling tool kit—for example, as a way of modeling discontinuities in fiscal policy or big moves in the financial markets? What are shocks, and how can we best put them to use? In heterodox macroeconomics, shocks tend to come in two broad types, with...

Should shocks be part of our macro-modeling tool kit - for example, as a way of modeling discontinuities in fiscal policy or big moves in the financial markets? What are shocks, and how can we best put them to use? In heterodox macroeconomics, shocks tend to come in two broad types, with some...

In this study, a static microsimulation model SOMA is used to optimize Finland's tax-benefit legislation to alleviate poverty or at least to reduce it significantly. The method is a classical optimization method using a greed optimization strategy. This means an iterative process, where only one...

The paper at hand aimes at identifying the assumptions that lead to the results presented in an article by Michael Macy and Yoshimichi Sato published in PNAS. In answer to a failed replication, the authors provided the source code of their model and here the results of carefully studying that...

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The article describes how and why we failed to replicate main effects of a computational model that Michael Macy and Yoshimichi Sato published in the Proceedings of the National Academy of Sciences (May 2002). The model is meant to answer a fundamental question about social life: Why, when and...

In recent years there has been an explosion of published literature utilising Multi-Agent-Based Simulation (MABS) to study social, biological and artificial systems. This kind of work is evidenced within JASSS but is increasingly becoming part of mainstream practice across many disciplines....

The main purpose of this paper is to demonstrate an empirical approach to social simulation. The systems and the behaviour of middle-level managers of a real company are modelled. The managers' cognition is represented by problem space architectures drawn from cognitive science and an...