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Agent-based modeling and simulation (ABMS), a way to simulate a
large number of choices by individual actors, is one of the most
exciting practical developments in business modeling since the
invention of relational databases. It represents a new way to
understand data and generate information that has never been
available before--a way for businesses to view the future and to
understand and anticipate the likely effects of their decisions on
their markets and industries. It thus promises to have far-reaching
effects on the way that businesses in many areas use computers to
support practical decision-making.
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