“We seek to aggregate the behaviour of individuals in order to predict the behaviour of organisations or networks.”

With the publication of “The Oxford Handbook of Agent-Based Computational Management Science” in February 2026, Friederike Wall, Shu-Heng Chen, and Stephan Leitner present the first comprehensive handbook on agent-based modelling in management science. In this interview, Wall and Leitner explain how they model individual behaviour through agents and how this approach enables them to explain and anticipate the behaviour of entire systems.

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Self-fulfilling prophecies: What causes a bank to fail?

We talk about self-fulfilling prophecies when something we have predicted comes true as a result of our conscious and unconscious actions. Jack Bryson, university assistant in the Ada Lovelace Programme, is using modelling and simulations to find out which social science phenomena can cause banks to fail.

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Drones inspect electricity pylons: Navigation technology under development at the University of Klagenfurt

Power lines are frequently damaged during snowfall or snowstorms. Until now, engineers working for the energy providers have had to painstakingly inspect power pylons and insulators on site to check for damage. In the future, drones will be able to perform this task. Researchers at the University of Klagenfurt are developing new technologies to support autonomous inspections.

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Research on qualitative company growth: companies grow in leaps

Most entrepreneurs are aware of the fact that companies do not grow in a linear and continuous fashion. A research team has now investigated not only the catalysts of these entrepreneurial leaps but also what exactly happens in these leaps. The findings have recently been published in the renowned journal “Entrepreneurship Theory and Practice”.

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