Agent-Based Modeling

Agent-Based Modeling (ABM) is a simulation technique used to understand the interactions and behaviors of autonomous agents within a defined environment. Each agent operates based on a set of rules and possesses the ability to interact with other agents, which can lead to complex system behaviors. ABM is widely used in various fields such as economics, ecology, and social sciences to model phenomena like market trends, animal behavior, and social interactions. The approach allows researchers to observe emergent patterns and understand the impact of individual agent behaviors on larger system dynamics.