Agent-Based Models in Social Physics

We review the agent-based models (ABM) on social physics including econophysics. The ABM consists of agent, system space, and external environment. The agent is autonomous and decides his/her behavior by interacting with the neighbors or the external environment with the rules of behavior. Agents ar...

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Bibliographic Details
Published in:Journal of the Korean Physical Society 2018, 72(11), , pp.1272-1280
Main Authors: Quang, Le Anh, Jung, Nam, Cho, Eun Sung, Choi, Jae Han, Lee, Jae Woo
Format: Article
Language:English
Subjects:
Agent-based models
Complexity
Game theory
Human behavior
Mathematical and Computational Physics
Particle and Nuclear Physics
Physics
Physics and Astronomy
Review Articles
Theoretical
Traffic congestion
Traffic models
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Summary:We review the agent-based models (ABM) on social physics including econophysics. The ABM consists of agent, system space, and external environment. The agent is autonomous and decides his/her behavior by interacting with the neighbors or the external environment with the rules of behavior. Agents are irrational because they have only limited information when they make decisions. They adapt using learning from past memories. Agents have various attributes and are heterogeneous. ABM is a non-equilibrium complex system that exhibits various emergence phenomena. The social complexity ABM describes human behavioral characteristics. In ABMs of econophysics, we introduce the Sugarscape model and the artificial market models. We review minority games and majority games in ABMs of game theory. Social flow ABM introduces crowding, evacuation, traffic congestion, and pedestrian dynamics. We also review ABM for opinion dynamics and voter model. We discuss features and advantages and disadvantages of Netlogo, Repast, Swarm, and Mason, which are representative platforms for implementing ABM.
ISSN:0374-4884
1976-8524
DOI:10.3938/jkps.72.1272