What is the function of the agent-based model in the market


Discussion: IT In GLobal ECONOMY

Our observations from the case study reading in the chapter material, Leadership and Management in Complex Systems research by Jager and van der Vegt (2005), is that leadership scholars seem to acknowledge the dynamic nature of leadership and have developed models and frameworks to organize and describe the factors that are important. However, empirical research to test these models is scarce. The authors have suggested several reasons for the lack of such research on dynamic leadership processes.

o Carefully identify at least four reasons, and provide a brief narrative about each reason, and why the authors provided that reason?

According to our chapter case study, agent-based gaming projects have been noted as requiring the interaction between many different actors with possible turbulences. Following this research viewpoint, Jager et al. (2000), what are the functions of agent-based models in the simulated market?

o What is the function of the agent-based model in the simulated market?

The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.

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