Economic Modeling
Agents · institutions · resources · constraints
Economic modeling, agent modeling, AI-based solution, and validation as a feedback process.
Agents · institutions · resources · constraints
Observations · actions · objectives · memory
Training · optimization · simulation
Micro · macro · policy · out-of-sample
Economic modeling defines the problem boundary and constraints.
Agent modeling defines how behavior is produced.
AI methods determine how policies are trained, optimized, or generated.
Validation must feed back into earlier stages to locate model error.