Heterogeneity and Network Structure in the Dynamics of Diffusion: Comparing Agent-Based and Differential Equation Models
Virginia Tech · Massachusetts Institute of Technology
Abstract
When is it better to use agent-based (AB) models, and when should differential equation (DE) models be used? Whereas DE models assume homogeneity and perfect mixing within compartments, AB models can capture heterogeneity across individuals and in the network of interactions among them. AB models relax aggregation assumptions, but entail computational and cognitive costs that may limit sensitivity analysis and model scope. Because resources are limited, the costs and benefits of such disaggregation should guide the choice of models for policy analysis. Using contagious disease as an example, we contrast the dynamics of a stochastic AB model with those of the analogous deterministic compartment DE model. We…
Citation impact
- FWCI
- 24.94
- Percentile
- 100%
- References
- 78
Authors
2Topics & keywords
- Econometrics
- Stochastic modelling
- Stochastic differential equation
- Computer science
- Agent-based model
- Mathematical optimization
- Statistical physics
- Economics
- Industry, innovation and infrastructure