CODEX

Figure 1: Ethnic populations in Philadelphia using data from the 2010 Census. Source: WashingtonPost
  • We reproduce Thomas Schelling’s landmark experiment from the 1970s that demonstrates housing segregation patterns using agent-based modeling (ABM).
  • This experiment shows that housing segregation, where individuals cluster with similar people, can result even if all people have a preference for living in integrated neighborhoods.
  • This experiment is often used as an introduction to agent-based modeling and demonstrates that counter-intuitive results can emerge at the societal level due to the complexities of group dynamics.

Introduction


Figure 1: Payoff diagram for an Equity-linked Note. The ELN pays 5% unless the stock market falls by more than 15%.


Photo by Robert Bye on Unsplash

A projection of long-term wealth

JoeyB

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