Abstract
In the relevant literature concerning Agent Based Models (ABMs), there seems to be agreement that they may replace the rational agent model of neoclassical economics. The question is whether this new, realistic, and complex model requires an equally complex concept of the individual. We propose the application of three major concepts in the epistemology of social sciences to advance the discussion of the concept of the complex individual, namely: i) Popper’s situational analysis; ii) Simon’s bounded rationality; and iii) Myrdal’s concept of circular cumulative causation. We argument that these are promising starting points for an analysis of human behavior, complex individuals and ABMs.
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