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After being the economic development officer for the Little/Salmon Carmacks First Nation, Tim used all his spare time trying to determine a practical understanding of the events he witnessed. This led him to complexity, specifically human emergent behaviour and the evolutionary prerequisites present in human society. These prerequisites predicted many of the apparently immutable ‘modern problems’ in society. First, he tried disseminating the knowledge in popular book form, but that failed – three times. He decided to obtain PhD to make his ‘voice’ louder. He chose sociology, poorly as it turns out as he was told his research had ‘no academic value whatsoever’. After being forced out of University, he taught himself agent-based modelling to demonstrate his ideas and published his first peer-reviewed paper without affiliation while working as a warehouse labourer. Subsequently, he managed to interest Steve Keen in his ideas and his second attempt at a PhD succeeded. His most recent work involves understanding the basic forces generated by trade in a complex system. He is most interested in how the empirically present evolutionary prerequisites impact market patterns.
Economics, society, complexity, systems, ecosystem, thermodynamics, agent-based modelling, emergent behaviour, evolution.
Leigh Tesfatsion received the Ph.D. degree in economics from the University of Minnesota, Mpls., in 1975, with a minor in mathematics. She is Research Professor of Economics, Professor Emerita of Economics, and Courtesy Research Professor of Electrical & Computer Engineering, all at Iowa State University. Her principal current research areas are electric power market design and the development of Agent-based Computational Economics (ACE) platforms for the performance testing of these designs. She is the recipient of the 2020 David A. Kendrick Distinguished Service Award from the Society for Computational Economics (SCE) and an IEEE Senior Member. She has served as guest editor and associate editor for a number of journals, including the IEEE Transactions on Power Systems, the IEEE Transactions on Evolutionary Computation, the Journal of Energy Markets, the Journal of Economic Dynamics and Control, the Journal of Public Economic Theory, and Computational Economics. Online Short Bio
Agent-based computational economics (ACE); development and use of ACE test beds for the study of electric power market operations; development and use of ACE test beds for the study of water, energy, and climate change
I have developed several agent-based and cellular automata applications combining agent-based modelling, geographical information systems and visualisation to understand the complex mechanisms of decision making in land use change and environmental stewardship in order to analyse:
• the role of pastoral agriculture in regional development,
• the tradeoffs between land use intensification and water quality,
• the adoption of land-based climate change mitigation practices, and
• the incorporation of cultural values into spatial futures or scenario modelling.
The Global Resource Observatory (GRO)
The Global Resource Observatory is largest single research project being undertaken at the GSI, it investigates how the scarcity of finite resources will impact global social and political fragility in the short term. The ambitious three year project, funded by the Dawe Charitable Trust, will enable short term decision making to account for ecological and financial constraints of a finite planet.
GRO will include an open source multidimensional model able to quantify the likely short term interactions of the human economy with the carrying capacity of the planet and key scarce resources. The model will enable exploration of the complex interconnections between the resource availability and human development, and provides projections over the next 5 years.
Data and scenarios will be geographically mapped to show the current and future balance and distribution of resources across and within countries. The GRO tool will, for the first time, enable the widespread integration of the implications of depleting key resource into all levels of policy and business decision-making.
Interested in how technology innovation impacts people’s lives.
Social network analysis has an especially long tradition in the social science. In recent years, a dramatically increased visibility of SNA, however, is owed to statistical physicists. Among many, Barabasi-Albert model (BA model) has attracted particular attention because of its mathematical properties (i.e., obeying power-law distribution) and its appearance in a diverse range of social phenomena. BA model assumes that nodes with more links (i.e., “popular nodes”) are more likely to be connected when new nodes entered a system. However, significant deviations from BA model have been reported in many social networks. Although numerous variants of BA model are developed, they still share the key assumption that nodes with more links were more likely to be connected. I think this line of research is problematic since it assumes all nodes possess the same preference and overlooks the potential impacts of agent heterogeneity on network formation. When joining a real social network, people are not only driven by instrumental calculation of connecting with the popular, but also motivated by intrinsic affection of joining the like. The impact of this mixed preferential attachment is particularly consequential on formation of social networks. I propose an integrative agent-based model of heterogeneous attachment encompassing both instrumental calculation and intrinsic similarity. Particularly, it emphasizes the way in which agent heterogeneity affects social network formation. This integrative approach can strongly advance our understanding about the formation of various networks.
I am currently Associate Professor of Organizational Cognition and Director of the Research Centre for Computational & Organisational Cognition at the Department of Language and Communication, University of Southern Denmark, Slagelse. My current research efforts are on socially-based decision making, agent-based modeling, cognitive processes in organizations and corporate social responsibility. He is author of more than 50 articles and book chapters, the monograph Extendable Rationality (2011), and he recently edited Agent-Based Simulation of Organizational Behavior with M. Neumann (2016).
My simulation research focuses on the applications of ABM to organizational behavior studies. I study socially-distributed decision making—i.e., the process of exploiting external resources in a social environment—and I work to develop its theoretical underpinnings in order to to test it. A second stream of research is on how group dynamics affect individual perceptions of social responsibility and on the definition and measurement of individual social responsibility (I-SR).
Applying agent-based models to archaeological data, using modern ethnoarchaeological data as an analog for behavior.
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