Researchers have developed new methods for Bayesian inference in agent-based models (ABMs), which are commonly used in economics and social sciences. The first paper introduces a framework called sequential neural posterior estimation test-time training (SNPE-TTT) to adapt pre-trained neural posterior estimators to new tasks with limited simulations. The second paper proposes Double-Flow Neural Posterior Estimation (DF-NPE), which uses learned time-series summaries and two conditional normalizing flows to significantly reduce the number of direct simulations required for training, achieving lower posterior discrepancies and runtime compared to standard methods. AI
IMPACT These advancements in neural posterior estimation could accelerate research and applications in economics and social sciences by making complex agent-based models more computationally tractable for parameter inference.
RANK_REASON Two research papers published on arXiv detailing novel methods for neural posterior estimation in agent-based models.
Read on arXiv cs.MA (Multiagent) →
- agent-based model
- arXiv
- Bayesian inference
- Brock-Hommes asset-pricing model
- DF-NPE
- Double-Flow Neural Posterior Estimation
- Junqi (Billy) Tang
- economics
- Neural Posterior Estimation
- Normalizing Flows
- sequential neural posterior estimation test-time training
- social science
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