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System dynamics: a behavioral modeling method

System dynamics: a behavioral modeling method
System dynamics: a behavioral modeling method
Nowadays, there is an increasing integration of methods from economics and psychology in simulation that allow more rigorous approaches to addressing behavioral issues. One of these approaches is the use of laboratory and field experiments of individual and group decision making concerning human judgment and decision-making under uncertainty. System Dynamics, as a simulation methodology, has been employed successfully as a behavioral experimental tool. Some researchers suggest that System Dynamics models are behavioral models of business systems which uncover intended rationality (theories in use) in business decision making. This tutorial offers an opportunity to explore the antecedents of System Dynamics as a behavioral simulation modeling method and offers examples of uses of System Dynamics in laboratory experiments, field experiments and evaluation of theories-in-use by decision makers.
1558-4305
53-64
IEEE Press
Kunc, Martin
0b254052-f9f5-49f9-ac0b-148c257ba412
Kunc, Martin
0b254052-f9f5-49f9-ac0b-148c257ba412

Kunc, Martin (2016) System dynamics: a behavioral modeling method. In Proceedings of the 2016 Winter Simulation Conference. IEEE Press. pp. 53-64 . (doi:10.1109/WSC.2016.7822079).

Record type: Conference or Workshop Item (Paper)

Abstract

Nowadays, there is an increasing integration of methods from economics and psychology in simulation that allow more rigorous approaches to addressing behavioral issues. One of these approaches is the use of laboratory and field experiments of individual and group decision making concerning human judgment and decision-making under uncertainty. System Dynamics, as a simulation methodology, has been employed successfully as a behavioral experimental tool. Some researchers suggest that System Dynamics models are behavioral models of business systems which uncover intended rationality (theories in use) in business decision making. This tutorial offers an opportunity to explore the antecedents of System Dynamics as a behavioral simulation modeling method and offers examples of uses of System Dynamics in laboratory experiments, field experiments and evaluation of theories-in-use by decision makers.

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Accepted/In Press date: 11 December 2016
Published date: 2016

Identifiers

Local EPrints ID: 427573
URI: https://eprints.soton.ac.uk/id/eprint/427573
ISSN: 1558-4305
PURE UUID: 175ac606-b7a9-4d54-8d1f-d7f1dff1f5da
ORCID for Martin Kunc: ORCID iD orcid.org/0000-0002-3411-4052

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Date deposited: 23 Jan 2019 17:30
Last modified: 03 Dec 2019 01:22

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