Agent based modelling

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A type of computational modelling approach in which individuals or collective entities (such as organisations or groups) and their interaction with each other and their environment, are explicitly represented in a program, or another physical entity such as a robot.

ABM attempts to integrate human and institutional behaviour with a view to assessing their effects on the system as a whole to produce forecasting models.

Both mathematical and experimental approaches are required for its development and application.

See also