tag:blogger.com,1999:blog-4039434.post3140906775571996644..comments2024-02-26T06:46:53.171-05:00Comments on Rajiv Sethi: Building a Computational Model of the CrisisRajivhttp://www.blogger.com/profile/13667685126282705505noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4039434.post-41211607936555447112010-12-27T00:55:53.872-05:002010-12-27T00:55:53.872-05:00As long as the agents postulated are not averse to...As long as the agents postulated are not averse to collusive fraud, this could work.Alphonsehttps://www.blogger.com/profile/02441923856941011283noreply@blogger.comtag:blogger.com,1999:blog-4039434.post-39689673207881627312010-12-09T07:34:04.573-05:002010-12-09T07:34:04.573-05:00Matt, the agents have to be programmed with behavi...Matt, the agents have to be programmed with behavioral rules that are flexible enough to respond to a broad range of situations, not just what they faced in 2007-8. Otherwise you can't explore counterfactuals. Diaries might give you clues about the rules people were plausibly following but they are just clues. The point is to see how these rules, coupled with the interaction structure and the regulatory environment, determine economic outcomes. Then one can explore the implications of alternative policy interventions or regulatory regimes.Rajivhttps://www.blogger.com/profile/13667685126282705505noreply@blogger.comtag:blogger.com,1999:blog-4039434.post-23345355180413722672010-12-08T13:54:36.708-05:002010-12-08T13:54:36.708-05:00The Internet Age!
It is entirely possible to get ...The Internet Age! <br />It is entirely possible to get a broad sample of folks to give an online diary of what they did, week by week in 2007 or 2008. Run their actual activities in a simulation, the actual agent, not some model.Matt Younghttps://www.blogger.com/profile/08404998406161097199noreply@blogger.com