An Interactive Simulation Model of the Global Economy

Helmer, O. (1977). An Interactive Simulation Model of the Global Economy. IIASA Working Paper. IIASA, Laxenburg, Austria: WP-77-011

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Interactive simulation, also known as operational gaming, is a preanalytical tool intended to provide a better intuitive understanding of a given problem situation and to lead through successive approximation to the construction of a realistic analytical model.

There are two essential features that distinguish interactive simulation from ordinary simulation modeling: Interactive simulation includes the relevant decisionmakers among the elements being simulated (by knowledgeable individuals acting as players); and it is dynamic in nature, in that it utilizes the expertise of these players to improve the structure and numerical parameters of the game between plays.

This paper presents a description of a relatively sophisticated six-person game, called GEM, which attempts to simulate the economic planning and interaction of six world regions.

Item Type: Monograph (IIASA Working Paper)
Research Programs: General Research (GEN)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 01:44
Last Modified: 27 Aug 2021 17:08

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