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This paper explores methods of simulating Polya Urn Models using a spreadsheet. The Polya Urn model provides a statistical model of path dependent behaviour where the final equilibrium is determined by random chance or historical accident.
Persistent link: https://www.econbiz.de/10005700651
Cellular Automata (CA) can be used to illustrate how macro-level order can arise from micro-level interactions. Although it is possible to run simple CAs using pencil and paper, a computer is better able to keep track of all the interactions. This paper illustrates how simple CAs can be run on a...
Persistent link: https://www.econbiz.de/10005350486
Persistent link: https://www.econbiz.de/10014295650