Introduction to simulation and SLAM II (2nd ed.)
Introduction to simulation and SLAM II (2nd ed.)
Theory of Modelling and Simulation
Theory of Modelling and Simulation
Hunting Causes and Using Them: Approaches in Philosophy and Economics
Hunting Causes and Using Them: Approaches in Philosophy and Economics
Applying Cellular Automata and DEVS Methodologies to Digital Games: A Survey
Simulation and Gaming
Computational & Mathematical Organization Theory
Computational & Mathematical Organization Theory
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In this article, the author argues that simulation is an undervalued technique to draw conclusions about empirical phenomena in economics. If the aim is to learn about the behavior of socioeconomic systems of interest, simulations have a variety of advantages relative to alternatives such as mathematical (pen and paper) modeling and laboratory experimentation. Therefore, the author has a good prima facie reason to exploit this method more fully. The author proceed by demonstrating that frequently heard arguments against simulations are wrong, and finally the author discusses a number of more specific empirical phenomena, criticisms of one type of simulation methodology used in economics.