Simulating an economic system with endogenous preferences: a pre-abstract for a Lab paper, looking for co-authors

Ok, guys, let’s do this. I am calling the first-ever Sci-Fi Economics Lab seminar. It takes place on Zoom, on Monday, December 16th, at 17.00 CET. Program:

  • @mstn to present his work on the zero-growth Goodwin model. Marco, you can show slides or otherwise share your screen if you want.
  • I will then introduce a group discussion on modeling strategies. Ideas welcome. The main choice, as I see it now, is whether to stay with a classical-economics style macro model, or if to go agent-based, simulating micro behavior. In the first case the dynamics is modelled with differential equations (which is what Goodwin did); in the second case the dynamics is described in terms of the trajectory of the system’s state variables.

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