Eco3S Framework for Socio-Economic Simulation via LLM-Based ABM
A new paper on arXiv proposes Eco3S, a framework for simulating complex socio-economic systems using agent-based models (ABM) enhanced by large language models (LLMs). The framework addresses three key challenges: modeling co-evolving agent-environment interactions, enabling flexible counterfactual reasoning, and automating simulation workflows. Eco3S introduces a Co-evolving Environment Design with bidirectional feedback loops, a Structural Causal Simulation mechanism for causal inference, and a Simulation-Analysis-Refinement Paradigm for iterative experimental design. The work aims to support economic research and policy analysis.
Key facts
- Eco3S is a socio-economic system simulation framework.
- It uses LLM-based agent-based modeling (ABM).
- Addresses evolving agent-environment interactions.
- Enables flexible counterfactual reasoning.
- Automates simulation workflows.
- Includes Co-evolving Environment Design.
- Features Structural Causal Simulation.
- Has Simulation-Analysis-Refinement Paradigm.
Entities
Institutions
- arXiv