Tuesday, January 18, 2022

Lecture A3 (2022-01-18): Chapter 1, The Appeal and Power of Strategic Modeling (Morecroft, 2015)

This lecture discusses topics from Chapter 1 of the course textbook by Morecroft (2015). The focus of the chapter is an introduction to strategic modeling, particularly in the case of strategic system dynamics models. We initially discuss the modeling spectrum -- from analog to metaphorical -- and when it is beneficial to leave aspects out of models. We then pivot to discussing Forrester's Limits to Growth/World Dynamics model and its limitations. We then finish by showing how a simple dynamical systems model of a fishery can lead to actionable suggestions about regulation that can help restore a fishery to sustainability.



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