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Joshua E. Jodesty 2019-09-16 23:18:10 -04:00
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@ -7,7 +7,6 @@ by BlockScience. It is capable of modeling systems at all levels of abstraction
System Dynamics (SD), and enabling smooth integration of computational social science simulations with empirical data
science workflows.
An economic system is treated as a state-based model and defined through a set of endogenous and exogenous state
variables which are updated through mechanisms and environmental processes, respectively. Behavioral models, which may
be deterministic or stochastic, provide the evolution of the system within the action space of the mechanisms.