Agent Based Models and Complex Individuals: An Epistemological Analysis

In the relevant literature concerning Agent Based Models (ABMs), there seems to be agreement that they may replace the rational agent model of neoclassical economics. The question is whether this new, realistic, and complex model requires an equally complex concept of the individual. We propose the...

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Main Authors: Solange Regina Marin, Brena Paula M. Fernande, Daniel de S. Vasconcelos
Format: Article
Language:English
Published: Association Œconomia 2001-06-01
Series:Œconomia
Subjects:
Online Access:http://journals.openedition.org/oeconomia/8173
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author Solange Regina Marin
Brena Paula M. Fernande
Daniel de S. Vasconcelos
author_facet Solange Regina Marin
Brena Paula M. Fernande
Daniel de S. Vasconcelos
author_sort Solange Regina Marin
collection DOAJ
description In the relevant literature concerning Agent Based Models (ABMs), there seems to be agreement that they may replace the rational agent model of neoclassical economics. The question is whether this new, realistic, and complex model requires an equally complex concept of the individual. We propose the application of three major concepts in the epistemology of social sciences to advance the discussion of the concept of the complex individual, namely: i) Popper’s situational analysis; ii) Simon’s bounded rationality; and iii) Myrdal’s concept of circular cumulative causation. We argument that these are promising starting points for an analysis of human behavior, complex individuals and ABMs.
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spelling doaj.art-f2749ca2698e4d1999c8b76311bf7d242022-12-22T01:45:45ZengAssociation ŒconomiaŒconomia2113-52072001-06-0100Agent Based Models and Complex Individuals: An Epistemological AnalysisSolange Regina MarinBrena Paula M. FernandeDaniel de S. VasconcelosIn the relevant literature concerning Agent Based Models (ABMs), there seems to be agreement that they may replace the rational agent model of neoclassical economics. The question is whether this new, realistic, and complex model requires an equally complex concept of the individual. We propose the application of three major concepts in the epistemology of social sciences to advance the discussion of the concept of the complex individual, namely: i) Popper’s situational analysis; ii) Simon’s bounded rationality; and iii) Myrdal’s concept of circular cumulative causation. We argument that these are promising starting points for an analysis of human behavior, complex individuals and ABMs.http://journals.openedition.org/oeconomia/8173agent-based modelingepistemologysituational analysisPopper (Karl R.)circular cumulative causationMyrdal (Gunnar)
spellingShingle Solange Regina Marin
Brena Paula M. Fernande
Daniel de S. Vasconcelos
Agent Based Models and Complex Individuals: An Epistemological Analysis
Œconomia
agent-based modeling
epistemology
situational analysis
Popper (Karl R.)
circular cumulative causation
Myrdal (Gunnar)
title Agent Based Models and Complex Individuals: An Epistemological Analysis
title_full Agent Based Models and Complex Individuals: An Epistemological Analysis
title_fullStr Agent Based Models and Complex Individuals: An Epistemological Analysis
title_full_unstemmed Agent Based Models and Complex Individuals: An Epistemological Analysis
title_short Agent Based Models and Complex Individuals: An Epistemological Analysis
title_sort agent based models and complex individuals an epistemological analysis
topic agent-based modeling
epistemology
situational analysis
Popper (Karl R.)
circular cumulative causation
Myrdal (Gunnar)
url http://journals.openedition.org/oeconomia/8173
work_keys_str_mv AT solangereginamarin agentbasedmodelsandcomplexindividualsanepistemologicalanalysis
AT brenapaulamfernande agentbasedmodelsandcomplexindividualsanepistemologicalanalysis
AT danieldesvasconcelos agentbasedmodelsandcomplexindividualsanepistemologicalanalysis