Goat Simulator is a popular video game that lets players take on the role of a goat, showcasing realistic traits and motivations that differ from humans. Players enjoy navigating the goat's inherent limitations. Additionally, simulators can be useful for analyzing real-world scenarios, such as mergers. The simulation process for a merger is similar to other methods; it begins with creating a mathematical model that represents the subject. In goat simulations, researchers study goat movements and apply equations to illustrate these movements. Similarly, economists examine consumer and firm behavior, using equations to depict these interactions.
Keep reading with a 7-day free trial
Subscribe to econworks to keep reading this post and get 7 days of free access to the full post archives.