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What is Simulation Modeling for Policy Analysis about?

This chapter discusses simulation modeling, particularly agent-based modeling (ABM), as a valuable tool for policymakers, highlighting its flexibility, cost-effectiveness, and ability to facilitate scenario analysis. It outlines the complexities of policymaking as a system involving heterogeneous agents and emphasizes the advantages and disadvantages of using simulation models for policy analysis. The chapter also presents applications of ABM in policy, underscoring its potential for interdisciplinary colla

Author

josuabagor

Language

EN