Note to Players: Description acceptable. Experiments performed in this medium are referred to by the punning pseudo-Latin term in silico. For 10 points each:
[10e] Identify this broad medium of performing experiments that has revolutionized quantitative social science in the 21st century. Robert Axelrod ran a tournament in this medium to compare strategies in the prisoner's dilemma.
ANSWER: computer simulation [accept anything indicating performed on a computer or electronically or digitally or via computer programming]
[10h] This paradigm promises to be particularly fruitful for computational social science. In contrast to macroscopic models, it takes into account each individual component and determines their action to create the simulation.
ANSWER: agent-based modeling [or individual-based modeling; or agent-based simulation or individual-based simulation]
[10m] Human agents are generally assumed to have this property, unlike homo economicus. Agents with this property will make a satisfactory decision with the information at hand, even if the decision is not optimal or they have incomplete information.
ANSWER: bounded rationality [accept boundedly rational; prompt on rationality; prompt on descriptions such as incompletely rational or imperfectly rational; reject “perfect rationality” or “perfectly rational”]
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