Metaverse, SED Model, and New Theory of Value
The metaverse concept constructs a virtual world parallel to the real world. The social economic dynamics (SED) model establishes a systematic model for social economic dynamics simulation that integrates macroeconomy and microeconomy based on modeling mechanism of the new theory of value by analogy...
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| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Wiley
2022-01-01
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| Series: | Complexity |
| Online Access: | http://dx.doi.org/10.1155/2022/4771516 |
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| _version_ | 1832565832261042176 |
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| author | Jianguo Wang Tongsan Wang Yuna Shi Diwei Xu Yutian Chen Jie Wu |
| author_facet | Jianguo Wang Tongsan Wang Yuna Shi Diwei Xu Yutian Chen Jie Wu |
| author_sort | Jianguo Wang |
| collection | DOAJ |
| description | The metaverse concept constructs a virtual world parallel to the real world. The social economic dynamics (SED) model establishes a systematic model for social economic dynamics simulation that integrates macroeconomy and microeconomy based on modeling mechanism of the new theory of value by analogy with Newtonian mechanics and the modeling approach of Agent-based computational economics. This article describes the SED model’s modeling mechanisms, modeling rules, and behavior equations. At the same time, this article introduces the methods, testing standards, and some typical cases about using the SED model to generate the economic digital twin systems. By doing so, we hope to demonstrate that the method of computer simulation experiment based on the SED model is a scientific empirical method, which has more advantages than the existing empirical research methods in economics. The SED model, which can be fully used to form an economic engine and construct a virtual economic system by digital twin method, can be integrated with the extant physical engine in the metaverse concept to build a virtual world consisting of physics, economy, culture, and politics that is close to and coexists with reality. |
| format | Article |
| id | doaj-art-07d83d697ebe4a3dac565648c7724270 |
| institution | Kabale University |
| issn | 1099-0526 |
| language | English |
| publishDate | 2022-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Complexity |
| spelling | doaj-art-07d83d697ebe4a3dac565648c77242702025-02-03T01:06:35ZengWileyComplexity1099-05262022-01-01202210.1155/2022/4771516Metaverse, SED Model, and New Theory of ValueJianguo Wang0Tongsan Wang1Yuna Shi2Diwei Xu3Yutian Chen4Jie Wu5School of Economics and ManagementChinese Academy of Social SciencesGuangzhou Milestone Software Co., Ltd.Guangdong Key Laboratory of High-Performance ComputingColumbia UniversityShandong UniversityThe metaverse concept constructs a virtual world parallel to the real world. The social economic dynamics (SED) model establishes a systematic model for social economic dynamics simulation that integrates macroeconomy and microeconomy based on modeling mechanism of the new theory of value by analogy with Newtonian mechanics and the modeling approach of Agent-based computational economics. This article describes the SED model’s modeling mechanisms, modeling rules, and behavior equations. At the same time, this article introduces the methods, testing standards, and some typical cases about using the SED model to generate the economic digital twin systems. By doing so, we hope to demonstrate that the method of computer simulation experiment based on the SED model is a scientific empirical method, which has more advantages than the existing empirical research methods in economics. The SED model, which can be fully used to form an economic engine and construct a virtual economic system by digital twin method, can be integrated with the extant physical engine in the metaverse concept to build a virtual world consisting of physics, economy, culture, and politics that is close to and coexists with reality.http://dx.doi.org/10.1155/2022/4771516 |
| spellingShingle | Jianguo Wang Tongsan Wang Yuna Shi Diwei Xu Yutian Chen Jie Wu Metaverse, SED Model, and New Theory of Value Complexity |
| title | Metaverse, SED Model, and New Theory of Value |
| title_full | Metaverse, SED Model, and New Theory of Value |
| title_fullStr | Metaverse, SED Model, and New Theory of Value |
| title_full_unstemmed | Metaverse, SED Model, and New Theory of Value |
| title_short | Metaverse, SED Model, and New Theory of Value |
| title_sort | metaverse sed model and new theory of value |
| url | http://dx.doi.org/10.1155/2022/4771516 |
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