Social and Behavioral Sciences Commons^™

Application Of An Agent-Based System As A Virtual Environment For The Formulation Of Policies, Araz Taeihagh, René Bañares-Alcántara, Moshe Givoni

Research Collection School of Social Sciences

The growth in the interdependence and complexity of socio-economic systems requires the development of tools and techniques to aid us in the formulation of better policies. Our efforts focus towards developing methodologies and support tools for better policy design and formulation. In this paper, we focus on the development of an agent-based approach to create a virtual environment for the exploration and analysis of different configurations of policy measures in order to build policy packages and test the effects of changes and uncertainties while formulating policies. By developing systematic approaches for the formulation andanalysis of policies it is possible to …