Agent-based models: a new frontier for macroeconomics?

Starlings
Murmurations of starlings move in a similar way to computer-simulated ‘boids’
The separation rule in a simple boid

In 1986, Craig Reynolds was thinking about birds. Many bird species, famously starlings, form swarm-like groups – murmurations – that have remarkable cohesion and move with what looks from the outside like singular purpose. Biologists were still struggling to explain the phenomenon. Some thought there might be a ‘leader’ bird, which humans couldn’t pick out, but which was obvious to its flockmates.

Reynolds is an animator and programmer, not a biologist, but

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: