WP8 Integration and coordination of Agent Based models. CRISIS is a large, complicated project with ambitious goals and therefore it is essential to coordinate the activities above carefully. For this reason work package 8 is devoted to coordination and integration of the models. The members of this work package will work closely with the researchers in each work package, in order to carry out the following tasks:

• Integrate the financial and macro ABMs into a single simulator;

• Develop new methods for calibrating and validating economic agent-based models;

• Take a leadership role in setting the vision of the project, including brainstorming to help solve problems that are encountered, regular discussions with project leaders, monitoring of progress, and coordination of all

• issues involved in integration;

• Explore the properties of the General ABM to obtain a deeper understanding of systemic risks and

• nonlinear feedbacks underlying financial and macro-economic instabilities.

 

Therefore the objectives of this work package closely mimic the overall goals of the project as a whole. The highlights are:

• to produce a properly calibrated and validated General Agent-Based model, which integrates the financial and macro ABM that will allow us to answer the scientific questions posed in the project;

• to produce an economic simulator which can be used by policy makers, and which will demonstrate the power of agent-based modelling in economics as a quantitative tool;

• to create an on-line game with a user community, and show how it can be used for calibration of an

• agent-based model.