Model Validation and Scenario Analysis

Now, we have already developed an agent-based model to simulate the dynamics of the interactions between the involved agents (the creative firms, the creative workers and the urban government) and urban land use. It is expected that, through scenario analysis by using this model, further insight into this dynamics can be generated. However, scenario analysis by using an agent-based model without validation of its correctness and reliability can very likely produce misleading conclusions. Regarding this, this chapter first concentrates on model validation. It then proceeds to scenario analysis, in searching for new features of the dynamics and further policy implications.