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Great start! Some things to consider for future versions: more sophisticated tax code, financial regulations, monopsonies, monopolies, collusion, corruption, ol
by orangepurple 3y ago
Great start! Some things to consider for future versions: more sophisticated tax code, financial regulations, monopsonies, monopolies, collusion, corruption, oligarchies, demand elasticity, cascading effects from supply chain disruptions, central bank quantitative easing.
- econorew 3y agoAll of this is emergent behaviour. Agents need to be smarter and the networks need to be larger and information needs to have a cost.
- rsrsrs86 3y agoOne really cool thing to do is consider the agents to have limited computational capacity. There are a few NP economic problems, and you can’t expect agents to really be solving enormous computational problems in their heads.
- nylonstrung 3y agoA lot of this is Macroeconomics- Microeconomics (what this focused on) is effectively a different discipline. You can't really model both of them within the same framework Source: econ major
- rsrsrs86 3y agoUndergrad Econ courses still present micro and macro economics as two disciplines, but that’s theory from the 70s at best. Graduate level economics packs a lot of economic models where for example the interest rate depends on the intertemporal preferences of different types of agents. It just gets terribly complicated.