Approach

The SYMPHONY project develops an innovative platform for supporting policy-making, including the following key components

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  • C1. An agent based macroeconomic model and simulator for policy making, able to take into account disequilibrium dynamics and including credit and financial markets.
  • C2. An integrated system of social media mining and information markets, able to collect citizens’ economic expectations in order to inform policy makers and to calibrate the expectations of artificial agents in the agent-based model.
  • C3. A game interface for the agent-based model, in order to allow researchers, policy makers, stakeholders and citizens to access and interact with the model.
  • C4. A set of customized information markets in order to monitor and collect dynamically the expectation of the users on the simulated artificial economy. This allows for a dynamic feedback between policy and expectations.

These components are designed to provide policy makers with a groundbreaking set of instruments able to involve citizens in the policy formation process and to increase their awareness about the various economic scenarios.