Re:Economists don’t understand much about the macroeconomy
by chaosbutters on Thursday September 19, 2019 @07:32AM
(#21015232)
agent based modeling where the probability of the agents' actions is dependent on actual economic data...
more realistic sim city (city skylines)
Re:Economists don’t understand much about the macroeconomy
by SiempreViernes on Thursday September 19, 2019 @08:32AM
(#21015531)
https://en.wikipedia.org/wiki/Agent-based_computational_econ...
I don't know that they've managed to produce the sort of general results that older economic theory.
Start small (not the US), in a geo where electronic payments dominate, and where privacy isn't as important. If the model proves valuable, build modeling tools and scale up.
Counterpoint: there's a very large percentage (by value) of transactions that are invisible e.g. business partnerships, cryptocurrency, etc.