Standard regression conflates micro configurations that produce identical macro observables. Four classical examples — wealth concentration from random exchange, Schelling segregation, phantom traffic jams, and bank runs — show that genuine causal structure can be i…
Market Modeling
read more...
Agent-Based Models in the Peanut Butter Industry
Any market with heterogeneous agents, inventory dynamics, and competitive pricing produces emergent behavior that ABM is built to capture. Peanut butter turns out to be a surprisingly clean example.