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Macroscopic approximation methods for the analysis of adaptive networked agent-based models: Example of a two-sector investment model
In this paper, we propose a statistical aggregation method for agent-based models with heterogeneous agents that interact both locally on a complex adaptive network and globally on a market. The method combines three approaches from statistical physics: (a) moment closure, (b) pair approximation of adaptive network processes, and (c) thermodynamic …