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Statistical Issues with Agent-Based Models

16th March 2017 3pm, University of Southampton, Room 5027 , Building 54

David Banks, Duke University, USA

This will be a jointly organised CPC/S3RI seminar. Agent-based models have become an ubiquitous tool in many disciplines. But too little is known about their statistical properties. This talk reviews the history and scope of application for agent-based models, and then describes work that has been done to begin to understand their statistical properties. In particular, the talk describes emulator theory and approximate Bayesian computation as methods for improving model fitting and inference.