Efficiency through Evolution, A Darwinian Approach to Agent-Based Economic Forecast Modeling

This paper presents a novel Darwinian Agent-Based Modeling (ABM) methodology formacroeconomic forecasting that leverages evolutionary principles to achieve remarkablecomputational efficiency and emergent realism. Unlike conventional DSGE and ABM approachesthat rely on complex behavioral rules derived from large firm analysis, our framework employssimple "common sense" rules representative of small firms directly serving final consumers. Themethodology treats households as the primary drivers of ...