Traditional (math) tools |
Agent-Based (computation) tools |
Very Precise |
May be precise, very flexible |
Little process in model |
May incorporate a great deal of process |
Aimed at optimization |
Agents (portions of model) may vary in parameters |
Typically static |
Comp. model allow for dynamic systems |
Homogeneous |
Heterogeneous |
Moderate scalability 1, 2, inf |
High scalability 1, 2, ... , N |
Deterministic results are equal |
Both exactly repeatable or statistically resample |
Typically study only end state |
Can study the process of the phenomena |
Cost is rising |
Model creation expensive, running model cheap |
Many (most) areas have been explored |
Excellent and cost effective theory development |