
The Game of Life With Macroeconomic Stimulus
Agent-based models is a major class of simulation models, with many potential applications in economics and finance
Agent-Based Models
The origins and early years
According to Wikipedia an agent-based model (ABM) is
ABM: class of computational models for simulating the actions and interactions of autonomous agents (both individual or collective entities such as organizations or groups) with a view to assessing their effects on the system as a whole.