Adam Timlett
Simulation in Economics and Biology Using the LSM (Lazy Stopping Model)
I gave this talk at the School of Economic Science on the 9th November 2019. In the talk I explain how to model systems in biology and economics using the 'Lazy Stopping Model' (or LSM). The model will be used to educate and inform decision-makers about strategies to manage projects which involve significant uncertainties. It can be used to inform decision-makers about their options and allow them to weigh up the pros and cons of different strategies with, a not previously av