Theories and Practice of Agent based Modeling: Some practical Implications for Economic Planners

Nowadays, we are surrounded by a large number of complex phenomena ranging from rumor spreading, social norms formation to rise of new economic trends and disruption of traditional businesses. To deal with such phenomena,Complex Adaptive System (CAS) framework has been found very influential among social scientists,especially economists. As the most powerful methodology of CAS modeling, Agent-based modeling (ABM) has gained a growing application among academicians and practitioners. ABMs show ho...