Covid-19 forecasting, just like Hurricanes: great example of socioeconomic modeling in real life situations
Covid-19 forecasting, just like Hurricanes: great example of socioeconomic modeling in real life situations
Exploring the fascinating world of socio-economic modeling and simulation in a sometimes humorous but always, more down-to-earth manner. Socio-economic modeling tries to mathematically/computationally model society, such as how people behave and react to events, and the effect that has on local and world economies. In other words, why does a hurricane in South America cause a banking meltdown in Europe (or does it?). Or, is a dictatorship an economic killer for a country? For other economies?