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Título de Acceso Abierto

Innovations in Derivatives Markets: Innovations in Derivatives Markets

Parte de: Springer Proceedings in Mathematics & Statistics

Resumen/Descripción – provisto por la editorial

No disponible.

Palabras clave – provistas por la editorial

Quantitative Finance; Banking; Statistics for Business/Economics/Mathematical Finance/Insurance; Mathematical Modelling and Industrial Mathematics; Probability Theory and Stochastic Processes; Financial Engineering

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No requiere 2018 Directory of Open access Books acceso abierto
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Información

Tipo de recurso:

libros

ISBN impreso

978-3-319-72406-5

ISBN electrónico

978-3-319-72408-9

Editor responsable

Springer Nature

País de edición

Reino Unido

Fecha de publicación

Tabla de contenidos

Model-Based Demography in Practice: II

Eric Silverman; Jason Noble; Jason Hilton; Jakub Bijak

In this chapter we examine an agent-based model of social care costs in the context of an ageing population. The model brings together statistical demographic modelling with a spatial agent-based model including a rudimentary economic model. Agents undergo the core demographic processes of fertility, mortality, and migration, and as they age they may develop varying levels of social care need. Building on the example presented in the previous chapter, this model increases the complexity of agent behaviours to allow for a more nuanced examination of the drivers of care demand and supply amongst an ageing populace. The results demonstrate that alongside the expected outcomes of social care cost rising as the population ages, the age of retirement has an unexpected impact on cost due to the size of the care burden being shouldered by healthy spouses of ill agents.

Part III - Case Study: Simulation in Demography | Pp. 211-223

Conclusions

Eric Silverman

This chapter will summarise the insights gained from our analysis so far, incorporating the examples and case studies presented in Part III. We will examine the advances derived from these models, and their impact on the field of demography and its approach to modelling and simulation. Having taken stock of the state of model-based demography, we will discuss how this methodological paradigm might influence efforts to establish simulation as a powerful tool for the broader social science community.

Part III - Case Study: Simulation in Demography | Pp. 225-235