2018
DOI: 10.3938/jkps.72.1272
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Agent-Based Models in Social Physics

Abstract: We review the agent-based models (ABM) on social physics including econophysics. The ABM consists of agent, system space, and external environment. The agent is autonomous and decides his/her behavior by interacting with the neighbors or the external environment with the rules of behavior. Agents are irrational because they have only limited information when they make decisions.They adapt using learning from past memories. Agents have various attributes and are heterogeneous. ABM is a non-equilibrium complex s… Show more

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Cited by 14 publications
(8 citation statements)
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“…In the related models, agents usually form their beliefs (opinions) based exclusively on communication with their peers. In contrast, in real-life systems, individuals are usually embedded into an external environment which they can observe, at least partly, and the content of communication-particularly in case of decision making-is usually related to data referring to this external world 36 .…”
Section: Discussionmentioning
confidence: 99%
“…In the related models, agents usually form their beliefs (opinions) based exclusively on communication with their peers. In contrast, in real-life systems, individuals are usually embedded into an external environment which they can observe, at least partly, and the content of communication-particularly in case of decision making-is usually related to data referring to this external world 36 .…”
Section: Discussionmentioning
confidence: 99%
“…Therefore, taking into account other factors may lead to different conclusions. Luckily, agent-based modeling allows us to tune the conditions of simulations and make the system more realistic by changing agent attributes and rules of behaviors, introducing different system space or adding external environment influence [31].…”
Section: Discussionmentioning
confidence: 99%
“…Finally, taking into account only a positive root, since p * > 0, results in the following formula p * = 1 − 2 q−1 + (1 − 2 q−1 ) 2 + 4q(q − 1) 2q (31) presented in the main text.…”
Section: Derivation Of Formulas For the Critical Points And Stationar...mentioning
confidence: 99%
“…At present, there are many kinds of Agent-based modeling simulation platforms in foreign countries, such as Swarm, Repast, NetLogo and so on. Le Anh Quang et al (2018) has analyzed Agent-based modeling simulation platforms, summarized their applications in social physics systems, and compared the advantages and disadvantages of various simulation platforms. Developed by Santa fe Institute of the USA, Swarm is a platform for ABMS that includes conceptual framework for designing, describing and conducting experiments on ABMS.…”
Section: Related Workmentioning
confidence: 99%