We introduce a model of prediction markets that uses opinion dynamics as its underlying mechanism for price formation. We base the opinion dynamics on the Deffuant model of bounded rationality. We have used this model to show that price formation in prediction markets can be robustly explained by opinion dynamics, and that the model can also explain phase transitions depending on just two parameters.

An agent-based model which explores Creativity and Urban Development

We built an agent-based model to foster the understanding of homeowners’ insulation activity.

FIsheries Simulation with Human COmplex DEcision-making (FISHCODE) is an agent-based model to depict and analyze current and future spatio-temporal dynamics of three German fishing fleets in the southern North Sea. Every agent (fishing vessel) makes daily decisions about if, what, and how long to fish. Weather, fuel and fish prices, as well as the actions of their colleagues influence agents’ decisions. To combine behavioral theories and enable agents to make dynamic decision, we implemented the Consumat approach, a framework in which agents’ decisions vary in complexity and social engagement depending on their satisfaction and uncertainty. Every agent has three satisfactions and two uncertainties representing different behavioral aspects, i.e. habitual behavior, profit maximization, competition, conformism, and planning insecurity. Availability of extensive information on fishing trips allowed us to parameterize many model parameters directly from data, while others were calibrated using pattern oriented modelling. Model validation showed that spatial and temporal aggregated ABM outputs were in realistic ranges when compared to observed data. Our ABM hence represents a tool to assess the impact of the ever growing challenges to North Sea fisheries and provides insight into fisher behavior beyond profit maximization.

This agent-based model, developed for the study “Online Protest and Repression in Authoritarian Settings,” examines how online protest and repression evolve in authoritarian contexts and how these dynamics affect ordinary users’ attitudes and behavior on social media. The model integrates key theoretical and empirical insights into social media use and core political factors that shape digital contention in authoritarian settings. The following questions are addressed: (1) how online protest–repression dynamics unfold across different levels of authoritarianism and varying compositions of committed accounts, and (2) how ordinary users’ internal propensity to protest and their perceived probability of successful repression change during online protest-repression contestation. The model is evaluated against two empirically grounded macro patterns observed in the real world. The first is enduring protest: online protest becomes dominant as vocal protesters grow to outnumber vocal repressors, shrinking the pool of silent users and stabilizing a pro-protest majority. The second is suppressed protest: online dissent is contained as vocal repression and silence expand in response to protest, yielding a sustained majority of repressive and silent accounts. Together, these dynamics demonstrate how dissenting voices are empowered and suppressed online in authoritarian settings.

The Soy2Grow ABM aims to simulate the adoption of soybean production in Flanders, Belgium. The model primarily considers two types of agents as farmers: 1) arable and 2) dairy farmers. Each farmer, based on its type, assesses the feasibility of adopting soybean cultivation. The feasibility assessment depends on many interrelated factors, including price, production costs, yield, disease, drought (i.e., environmental stress), social pressure, group formations, learning and skills, risk-taking, subsidies, target profit margins, tolerance to bad experiences, etc. Moreover, after adopting soybean production, agents will reassess their performance. If their performance is unsatisfactory, an agent may opt out of soy production. Therefore, one of the main outcomes to look for in the model is the number of adopters over time.

The main agents are farmers. Generally, factors influencing farmers’ decision-making are divided into seven main areas: 1) external environmental factors, 2) cooperation and learning (with slight differences depending on whether they are arable or dairy farmers), 3) crop-specific factors, 4) economics, 5) support frameworks, 6) behavioral factors, and 7) the role of mobile toasters (applicable only to dairy farmers).
Moreover, factors not only influence decision-making but also interact with each other. Specifically, external environmental factors (i.e., stress) will result in lower yield and quality (protein content). The reducing effect, identified during participatory workshops, can reach 50 %. Skills can grow and improve yield; however, their growth has a limit and follows different learning curves depending on how individualistic a farmer is. During participatory workshops, it was identified that, contrary to cooperative farmers, individualistic farmers may learn faster and reach their limits more quickly. Furthermore, subsidies directly affect revenues and profit margins; however, their impact may disappear when they are removed. In the case of dairy farmers, mobile toasters play an important role, adding toasting and processing costs to those producing soy for their animal feed consumption.
Last but not least, behavioral factors directly influence the final adoption decision. For example, high risk-taking farmers may adopt faster, whereas more conservative farmers may wait for their neighbors to adopt first. Farmers may evaluate their success based on their own targets and may also consider other crops rather than soy.

The aim of this model is to study the dynamic propagation of individual climate adaptive behaviours in different scenarios within the analytical framework of conservation motivation theory, focusing on the impact of social and experiential learning on the adoption of climate adaptive behaviours by coastal farmers.
Model for paper “Promoting climate resilience through learning-based behavioural change: Insights from an agent-based model of a coastal farming community in Guangxi, China” in Environmental Science & Policy, Volume 179, May 2026, 104375, https://doi.org/10.1016/j.envsci.2026.104375

The model is used to study the conditions under which agents will cooperate in one-shot two-player Prisoner’s Dilemma games if they are able to withdraw from playing the game and can learn to recogniz

This model can be used to explore under which conditions agents behave as observed in field experiments on irrigation games.

A model of attitudinal dynamics based on the cognitive mechanism of emotional coherence. The code is written in Java. For initialization an additional dataset is required.