Tuesday, January 21, 2020

Lecture A3 - Morecroft (2010), Chapter 1, Appeal and Power of Strategic Modeling (2020-01-21)

This lecture covers Chapter 1 of Morecroft (2010), which focuses on the Appeal and Power of Strategic Modeling. We introduce the modeling continuum (from analog to metaphorical) and discuss how increasing realism in models can come at the cost of reducing generality. We then using the iThink software to show how simple stock-and-flow models can be simulated on a computer to reveal interesting behaviors over time.

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