We review agent-based models (ABM) of human migration with respect to their decision-
making rules. The most prominent behavioural theories used as decision rules are the …

In this review we discuss advances in the agent-based modeling of economic and social
systems. We show the state of the art of the heuristic design of agents and how behavioral …

The proliferation of agent-based models (ABMs) in recent decades has motivated model
practitioners to improve the transparency, replicability, and trust in results derived from …

Abstract The Great Recession seems to be a natural experiment for economic analysis, in
that it has shown the inadequacy of the predominant theoretical framework-the New …

Efficiently calibrating agent-based models (ABMs) to real data is an open challenge. This
paper explicitly tackles parameter space exploration and calibration of ABMs by combining …

Since the survey by Windrum et al.(Journal of Artificial Societies and Social Simulation 10: 8,
2007), research on empirical validation of agent-based models in economics has made …

This work nests the Agent-Based macroeconomic perspective into the earlier history of
macroeconomics. We discuss how the discipline in the 70's took a perverse path relying on …

We consider Bayesian inference techniques for agent-based (AB) models, as an alternative
to simulated minimum distance (SMD). Three computationally heavy steps are involved:(i) …

There has so far been no shared understanding of validity in agent-based simulation. We
here conceptualise validation as systematically substantiating the premises on which …

This paper proposes a new method to empirically validate simulation models that generate
artificial time series data comparable with real-world data. The approach is based on …