Agent-based and SD

What type of model considers randomness and uncertainty?

• Deterministic Models

• Stochastic Models

What is the main feature of agent-based models?

• Modelling individual entities and their interactions

• Using stock-flow diagrams

• Modelling at a high level of abstraction

What do rectangular boxes represent in a system dynamics model?

• Flow in and flow out

• Stock or accumulation

• Variables that control flow

Imagine a model that represents the flow of water in and out of a dam. What type of model is this?

• Discrete model

• Continuous model

System dynamics considers individual entities in great detail. True or False?

• True

• False

Which element in a system dynamics model is used to represent the rate of change?

• Feedback loop

• Stock

• Flow

In an agent-based model, which of the following would be considered an "agent"?

• A fixed rule governing the entire system’s behavior.

• A single cell in a grid that performs a predetermined task.

• An individual entity that acts based on its own set of rules and interacts with others.

• A random variable that determines the outcome of simulations.