agent-based modeling
AY-jent BAYST MOD-el-ing
/ˈeɪdʒənt beɪst ˈmɒdəlɪŋ/Listen
Hear it in a clear American voice. Slow it down to catch each syllable.
Syllable breakdown
Dictionary meaning
A computational method for simulating the actions and interactions of autonomous agents (individuals, organisations, organisms) in order to understand the emergence of complex phenomena at the system level; widely used in economics, epidemiology, ecology, social science, and urban planning
History and origin
ABM developed from cellular automata and game theory in the 1970s-80s; Thomas Schelling's segregation model (1971) and Axelrod's cooperation tournaments (1980s) were early landmark models
Examples
- Agent-based modeling of COVID-19 transmission helped policymakers evaluate the effects of different intervention strategies.
- Agent-based modeling of financial markets can reproduce flash crashes and herding behaviour without pre-programming them.
Spelled 'agent-based modelling' in British English
Synonyms: ABM, individual-based modeling, multi-agent simulation
Learn one new pronunciation a day
Get a word, name or idiom like “agent-based modeling” in your inbox — daily or weekly, free. Unsubscribe any time.