In the 1980s and ’90s, SFI played laboratory to a promising new method known as agent-based modeling. In ensuing decades, ...

In a data-driven world, pauses in government economic data do more than inconvenience economists, they create dangerous blind spots for investors and business leaders.

Financial institutions are increasingly using economic capital models to help determine the amount of capital they need to absorb unexpected losses. These models typically aggregate capital based on ...

The Nobel Memorial Prize in Economic Science was awarded today to two scholars who revolutionized the technique of statistically modeling national economies, stock markets, and other complex systems ...

Decentralized finance (DeFi) has emerged as the flagship concept and use case for blockchain technology and cryptocurrency. DeFi is the use of smart contracts and other decentralized technologies to ...

The ongoing government shutdown has delayed the official third-quarter GDP report release, although real-time estimates from a pair of Federal Reserve banks suggest the economy grew.

This article appears in the April 2023 issue of The American Prospect magazine. Subscribe here. Economics is commonly described as the science of scarcity. We have limited resources, and we have to ...

Agent-based modelling (ABM) has emerged as a pivotal tool in macroeconomics and economic policy analysis. By simulating the interactions of numerous heterogeneous agents — such as households, firms, ...

A reduction in prescriptions of sleep drugs for older adults is associated with substantial health and economic benefits, according to an October study published in The Lancet Regional Health – ...

Using a microsimulation approach, this study modeled the potential multiyear health and economic benefits of participating in cardiometabolic virtual-first care programs. Objectives: This study ...

Behavioral economics combines elements of economics and psychology to understand how and why people behave the way they do in the real world. It differs from neoclassical economics, which assumes that ...