Flawed Models

What is a primary concern about agent-based models as mentioned in the video?

• They require too much computational power.

• They rely on flawed assumptions about the social world.

• They are too complex to understand.

• They are not widely used in social sciences.

In agent-based modeling, what are individuals typically represented as?

• Nodes

• Variables

• Agents

• Cells

What is a key component of agent-based models according to the video?

• Randomized trials

• Predefined outcomes

• Strategic interactions

• Fixed algorithms

What is an ontological assumption in the context of agent-based models?

• A hypothesis about the data collection methods

• An assumption about the fundamental nature of the social world

• A theory about the historical development of models

• A belief about the computational power needed

What analogy is used to describe the limitation of agent-based models?

• Modeling a tree without the roots

• Modeling a car without the engine

• Modeling a building without the foundation

• Modeling the body by only modeling the soft tissue