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The economist trying to save the planet with his own crystal ball
Farmer’s proposed super-simulator would be driven by these complex models. “We would put people, firms, banks and governments inside a computer and find ways of representing interactions within the market”, he continues. “For example, how households will buy goods from certain firms. We’ll then simulate all this stuff and make it as realistic as possible with the available data. Then we’ll run the model day by day, month by month, quarter by quarter.”
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