InfoTech in Global Economy

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What is agent based modeling?  YouTube URL: http://www.youtube.com/watch?v=2XvbuEugkIAAfter reading and reviewing all of the materials, especially the SENSE4US document provided, what are your thoughts? 
Please incorporate the answers to the following questions in your paper. The paper should be 1.5 to 2 pages, single spaced, please use APA formatting.  Is this a tool that would be difficult or easy to use? (SENSE4US)
What do the following terms mean within the context of policy modeling?Simplicity
Generality
Validity
FormalityHow are all these terms related?Please read Chapter 4 – Policy Making and Modelling in a Complex World Wander Jager and Bruce EdmondsRequired Resources Janssen, M., Wimmer, M. A., & Deljoo, A. (Eds.). (2015). Policy practice and digital science: Integrating complex systems, social simulation and public administration in policy research (Vol. 10). Springer. (Included through library subscription)
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