From the Special Issue Editors: Agent-Based Modeling of Innovation Diffusion*

2011 ◽  
Vol 28 (2) ◽  
pp. 148-151 ◽  
Author(s):  
Rosanna Garcia ◽  
Wander Jager
2020 ◽  
Author(s):  
Simon Johanning ◽  
Fabian Scheller ◽  
Thomas Bruckner

Abstract Insights into the diffusion process can help decision makers to detect weak points of potential business models. Yet, due to the multitude of factors to consider, modeling the diffusion of innovations is a very challenging task. In the literature, various models and methodologies to address this problem can be found. Among these, empirically grounded agent-based modeling turns out to be one of the most promising approaches. However, the current culture is dominated by papers that fail to document critical methodological details. Thus, existing agent-based models for real-world analysis differ extensively in their design and grounding and therefore also in their predictions and conclusions. Being aware of this, this research paper seeks to identify requirements as building blocks in order to design and develop a versatile, but robust model to assess innovation diffusion processes. Subsequently, a formal approach is developed based on the derived model entities, dynamics and foundations. The main objective of this modeling approach is to achieve modularity and flexibility, as well as clarity through an explicit description of the concepts used. This is achieved by a three-layer approach, with a super agent layer, an agent layer and a sub-agent layer. Building on this, an object-oriented code base, organized in 24 packages and 273 classes is created. This empirically grounded agent-based modeling framework can be utilized by innovation diffusion researchers in order to build upon existing frameworks and concepts and to model a diverse range of domains in innovation diffusion.


2017 ◽  
Vol 23 (1/2) ◽  
pp. 2-12 ◽  
Author(s):  
Davide Secchi

Purpose The purpose of this editorial is to introduce the Special Issue “Agent-Based Models of Bounded Rationality” and to provide an overview of its rationale and main objectives. Design/methodology/approach After outlining the overall framework to justify the choice of agent-based modeling in relation to bounded rationality, an overview of the six papers published in the Special Issue is presented. Findings The paper argues that simulation of complex adaptive social systems is a way to set the ground for updating the concept of bounded rationality and prepare for it to still play a significant role in the years to come. Originality/value After its introduction, bounded rationality remained mostly used but seldom discussed in both its assumptions and its meaning. The originality of this introduction is to unveil some of the points that keep rationality still at the core of organization and team research.


Author(s):  
Blake LeBaron ◽  
Peter Winker

SummaryThis special issue of the Journal of Economics and Statistics is devoted to the use of agent-based models for economic policy advice. It presents a collection of research papers in different fields of applications. Special emphasis is laid on discussing the potential and possible limitations of agent-based models for economic policy advice. The editorial provides an overview on the role of agent-based modeling in economic policy referring also to the papers presented. Furthermore, it highlights the strength of the approach, i.e., the explicit microfoundation and the modeling of heterogenous agents. Finally, we also report on current limitations of the method with regard to economic policy advice and point at some areas deserving further research.


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