Behind the Paper

The real stories behind the latest research papers, from conception to publication, the highs and the lows

Heterodox school of thought, geoAI-ML, big data analytics, and agent-based modelling to represent the human dimension in climate-energy-economic models

In most climate-energy-economy models, a key assumption rules analysis. Millions of consumers are deliberately represented as a single agent that takes prices as given, making rational choices with perfect knowledge of markets under rational expectations to maximize welfare under budget constraints.
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Oct 12, 2023