Agent-based versus macroscopic modeling of competition and business processes in economics
Working on Physics of Risk is very interesting and useful experience. This experience provides valuable insights into the mechanics behind various complex systems, well modeled by macroscopic models. Using our experience we are able to obtain qualitative and quantitative agreements between varying models. In our newest publication [1] we have used one-step formalism [2] to obtain macroscopic treatments of Kirman model [3].