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Designing adaptive artificial agents for an economic production and conflict model

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posted on 2009-01-01, 00:00 authored by B Hassani-M, B Parris
Production and conflict models have been used over the past 30 years to represent the effects of unproductive resource allocation in economics. Their major applications are in modelling the assignment of property rights, rentseeking and defense economics. This paper describes the process of designing an agent used in a production and conflict model. Using the capabilities of an agent-based approach to economic modelling, we have enriched a simple decision-maker of the kind used in classic general equilibrium economic models, to build an adaptive and interactive agent which uses its own attributes, its neighbors’ parameters and information from its environment to make resource allocation decisions. Our model presents emergent and adaptive behaviors than cannot be captured using classic production and conflict agents. Some possible extensions for future applications are also recommended.

History

Chapter number

18

Pagination

179-190

ISBN-13

9783642104268

ISBN-10

3642104266

Language

eng

Notes

This book comprises the refereed proceedings of the 4th Australian Conference on Artificial Life, ACAL 2009, held in Melbourne, Australia, in December 2009.

Publication classification

B1.1 Book chapter

Copyright notice

2009, Springer-Verlag Berlin Heidelberg

Extent

27

Editor/Contributor(s)

Korb K, Randall M, Hendtlass T

Publisher

Springer

Place of publication

Berlin , Germany

Title of book

Artificial life : borrowing from biology

Series

Lecture notes in computer science. Lecture notes in artificial intelligence; 5865

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