Webinar Series Digitalization: Agent based Modelling - a new way to develop models for a continuously changing world

Wed. October 19, 2022  |  15:30 - 16:00  |  Harro Dittmar, Volker Liermann
Agent based Modelling - a new way to develop models for a continuously changing world
Disrupting events like COVID-19, climate change or new competitors (e.g. GAFAM) can permanently change the structure of a bank’s balance sheet and the bank’s risk profile. Agent-based modeling (ABM) is a versatile, interdisciplinary bottom-up approach that can be used to consider such effects in dynamic simulations of the balance sheet development. In this webinar the concept for an agent-based model presented that simulates the effects of macroeconomic scenarios and competitive boundaries on the balance sheet dynamics of banks. An implementation of such a model could be used to explore stylized balance sheet developments over time and thereby provide a valuable planning tool for qualitative and quantitative risk management.

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