A Critical Guide to Empirical Validation of Agent-Based Models in Economics: Methodologies, Procedures, and Open Problems

2007/09/03 by Giorgio Fagiolo, Alessio Moneta, Paul Windrum · 222 citations
Decision Sciences · Economics, Econometrics and Finance · #Auction Theory and Applications #Complex Systems and Time Series Analysis #Economic theories and models

paper · doi:10.1007/s10614-007-9104-4

published in Computational Economics 30(3), 195-226 (Springer Science and Business Media LLC)

openalex publication_date 2007/09/03 · crossref created 2007/09/03 · crossref issued 2007/09/04 · crossref published 2007/09/04 · crossref published-online 2007/09/04 · crossref published-print 2007/09/20 · crossref deposited 2023/05/14 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/29 · crossref indexed 2026/08/08

Citations

• Falsification and the Methodology of Scientific Research Programmes
• MATCHING, BARGAINING, AND WAGE SETTING IN AN EVOLUTIONARY MODEL OF LABOR MARKET AND OUTPUT DYNAMICS

Cited by

• A meso-level empirical validation approach for agent-based computational economic models drawing on micro-data: a use case with a mobility mode-choice model
• Tipping points in macroeconomic agent-based models
• Agent-based computational economics [wikipedia]
• Experimental economics [wikipedia]
• Mathematical economics [wikipedia]