Designing adaptive artificial agents for an economic production and conflict model
chapter
posted on 2009-01-01, 00:00authored byB 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