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littlestymaar04/02/20250 repliesview on HN

Right, Agent-based models are only useful as “exploration” tool, you cannot really use them for forecast because there's an impractically high number of parameter to tune.

Micro-founded macro economics models (say DSGE) are much easier to tune based on available historical data so they are much preferred, and nobody seams to care that they have the same predicting power as astrology.