ABSTRACT
In Chapter 8, we discovered that it is hard to see experiments and simulation as two separate things, a theme that will recur in this chapter. But we are now approaching the relationship between experiment and simulation from the opposite direction, looking at the place of experimentation in simulation of one specific kind: computer simulation, which uses mathematical, econometric models. Computer simulations are important not just in economics (especially in the context of policy preparation) but in all fields of study that deal with complex systems, such as astronomy and meteorology. In looking at computer simulations we return for a moment to the place of structural models in economics.
