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The Myth of the Cavern Revisited: Are Large-Scale Behavioral Models Useful?
Abstract
Criticisms are often voiced both of large-scale quantitative simulation models in general and of the approaches followed by particular models. This paper summarizes the attributes and failings of such models, with particular reference to models of economic-demographic systems. On balance, the authors conclude that the potential gains--both analytic and practical--from developing and using such models are considerable, although the validity of some of the criticisms of them suggests the need for caution in their interpretation.
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