Model Comparison Example

[JamesPHoughton]

We can use system dynamics to identify tests between theories if we formalize those theories as simulations, and then find the regions in the parameter space that maximize the observable difference between the theories, and then design an experiment to operate in those parameter regimes.

A nice case study for this type of test could be Young, H.Peyton. 2009. “Innovation Diffusion in Heterogeneous Populations : Contagion , Social Influence , and Social Learning.” American Economic Review 99(5):1899–1924. which compares three different types of adoption under social influence.