The project deals with the development of a methodological protocol and software tools for the validation of agent-based simulation models and their application in three specific cases. It is expected to contribute to the methodological consolidation of such an analytical tool, increasing its robustness and facilitating its dissemination. The expected results are (i) a protocol proposal and the development of user-friendly software based on appropriate econometric methods (meta-modeling and Bayesian inference) for the quantitative validation of agent-based models, in particular to evaluate the parametric configuration space and its relation to the empirical data, and (ii) through the application of these tools, a robust analysis of three simulation models regarding industrial organization and the micro-macro dynamics of the labor market. The economic literature on the subject is still quite limited, demanding methodological research in other scientific fields (computer sciences, mathematics, and engineering). The existing software requires advanced knowledge of IT/programming, currently a major barrier to researchers. The project aims to contribute to mitigating these problems and, in comparison to the current best practices, to a substantially more robust validation of the three proposed models, which are representative of the variety of topics enabled whose research by the simulation methodology.
News published in Agência FAPESP Newsletter about the scholarship: