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

Preview

Text WP-77-011.pdf Download (866kB) | Preview

Abstract

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.

Actions (login required)

View Item