Multi-scale Validation of an Agent-Based Housing Market Model

Koen de Koning; Tatiana Filatova

doi:10.1007/978-3-030-34127-5_12

Multi-scale Validation of an Agent-Based Housing Market Model

Koen de Koning^*, Tatiana Filatova

^*Corresponding author for this work

Department of Governance and Technology for Sustainability

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

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Abstract

Validation is a vital step in any model that aspires to have an impact. In agent-based computational economics in particular, it is essential because, unlike most neoclassical economic models, the models are vastly complex and often unique in their kind [1, 2]. Importantly, they often require disaggregated data to specify attributes, behavioural rules and interactions among agents. Therefore, agent-based models require more time and effort to validate. There are numerous ways of validation in agent-based modelling discussed in the literature, e.g [1, 3–7]. Reviewing them is beyond the scope of this paper. Here we will focus on two dimensions of validation: empirical versus theoretical validation and micro- versus macroscale validation. In our agent-based model of the housing market, we have applied both ends of the two spectra.

Original language	English
Title of host publication	Advances in Social Simulation
Subtitle of host publication	Looking in the Mirror
Editors	Harko Verhagen, Melania Borit, Giangiacomo Bravo, Nanda Wijermans
Publisher	Springer
Pages	135-140
Number of pages	6
ISBN (Electronic)	978-3-030-34127-5
ISBN (Print)	978-3-030-34126-8
DOIs	https://doi.org/10.1007/978-3-030-34127-5_12
Publication status	Published - 1 Jan 2020
Event	14th Annual Conference on Social simulation 2018: Looking in the mirror - Department of Computer and Systems Sciences (DSV), Stockholm, Sweden Duration: 20 Aug 2018 → 24 Aug 2018 Conference number: 14 http://ssc2018.dsv.su.se/

Publication series

Name	Springer Proceedings in Complexity
ISSN (Print)	2213-8684
ISSN (Electronic)	2213-8692

Conference

Conference	14th Annual Conference on Social simulation 2018
Abbreviated title	SSC 2018
Country/Territory	Sweden
City	Stockholm
Period	20/08/18 → 24/08/18
Internet address	http://ssc2018.dsv.su.se/

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This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1007/978-3-030-34127-5_12

De-koning-2020-Multi-scale-validation-of-an-agent-Final published version, 201 KBLicence: Taverne

Cite this

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title = "Multi-scale Validation of an Agent-Based Housing Market Model",

abstract = "Validation is a vital step in any model that aspires to have an impact. In agent-based computational economics in particular, it is essential because, unlike most neoclassical economic models, the models are vastly complex and often unique in their kind [1, 2]. Importantly, they often require disaggregated data to specify attributes, behavioural rules and interactions among agents. Therefore, agent-based models require more time and effort to validate. There are numerous ways of validation in agent-based modelling discussed in the literature, e.g [1, 3–7]. Reviewing them is beyond the scope of this paper. Here we will focus on two dimensions of validation: empirical versus theoretical validation and micro- versus macroscale validation. In our agent-based model of the housing market, we have applied both ends of the two spectra.",

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booktitle = "Advances in Social Simulation",

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note = "14th Annual Conference on Social simulation 2018 : Looking in the mirror, SSC 2018 ; Conference date: 20-08-2018 Through 24-08-2018",

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de Koning, K & Filatova, T 2020, Multi-scale Validation of an Agent-Based Housing Market Model. in H Verhagen, M Borit, G Bravo & N Wijermans (eds), Advances in Social Simulation: Looking in the Mirror. Springer Proceedings in Complexity, Springer, pp. 135-140, 14th Annual Conference on Social simulation 2018, Stockholm, Sweden, 20/08/18. https://doi.org/10.1007/978-3-030-34127-5_12

Multi-scale Validation of an Agent-Based Housing Market Model. / de Koning, Koen; Filatova, Tatiana.
Advances in Social Simulation: Looking in the Mirror. ed. / Harko Verhagen; Melania Borit; Giangiacomo Bravo; Nanda Wijermans. Springer, 2020. p. 135-140 (Springer Proceedings in Complexity).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

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Multi-scale Validation of an Agent-Based Housing Market Model

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