Developing and Understanding a Stable Baseline for the Economics by Object-oriented Simulation Framework

EOS is a framework and computational laboratory for agent-based computational economics developed in spring 2009 by Chris Rucinski ’10, Ye “Cody” Wang ’10, and myself under the guidance of Professor Steiglitz. Here, we build upon this earlier EOS work by developing a stable baseline model and accompanying agent implementations as well as an I/O package to support both development and experimentation. The steps leading up to, and the analysis motivating the final “baseline 3” model are described, and the model is tested with a set of simple experiments. Finally, the baseline 3 model is compared to an agent-based economic model created and presented by Oeffner [4]. Differences in design and approach are discussed, as are implications for future work.