Due to lack of time and motivation, I will probably not post anything more on this blog.
5. Building the framework for a simulation. Before we start to populate our simulation with agents, we should understand how the world works. Economists have produced innumerable theories about the laws that govern societies – often idealizing and simplifying the world to be able to express them in simple equations. I would like to see another approach, using machine learning to deduce how the economy functions. Take a country with good statistics and describe every county or municipality (except a few that are used to check the models' predictions). Begin with basic parameters like demographics (number of inhabitants, age, born and dead last year, age of death, moving in and out, occupations, distribution of income, unemployment) and production (agriculture, natural resources, industry). From there it's easy to find direct correlations between parameters (we don't need to worry about causation). There are also methods to find complex correlations and patterns. When...
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