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Verification of Models in Agent Based Computational Economics — Lessons from Software Engineering

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Perspectives in Business Informatics Research (BIR 2013)

Part of the book series: Lecture Notes in Business Information Processing ((LNBIP,volume 158))

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Abstract

Agent based models are highly complex and usually are being implemented using programming languages. This situation calls for adequate methods allowing for their verification that are not used in standard economic research. In order to organize this process we propose to logically decompose agent based model into three layers: conceptual model, computerized model and metamodel. The main possible problems identified using this decomposition are: (a) incomplete specification of conceptual model, (b) unexpected behavior of computerized model and (c) problems with reproduction simulation results. In order to address these issues based on literature review we draw recommendations concerning model documentation, testing and simulation reproduction that are crucial to improve their quality and precision of communication.

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Authors and Affiliations

  1. Decision Support and Analysis Division, Warsaw School of Economics, Poland

    Bogumił Kamiński & Przemysław Szufel

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  1. Bogumił Kamiński
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  2. Przemysław Szufel
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Editors and Affiliations

  1. Department of Business Informatics, Warsaw School of Economics, Warsaw, Poland

    Andrzej Kobyliński  & Andrzej Sobczak  & 

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Kamiński, B., Szufel, P. (2013). Verification of Models in Agent Based Computational Economics — Lessons from Software Engineering. In: Kobyliński, A., Sobczak, A. (eds) Perspectives in Business Informatics Research. BIR 2013. Lecture Notes in Business Information Processing, vol 158. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-40823-6_15

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  • DOI: https://doi.org/10.1007/978-3-642-40823-6_15

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