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The Information and Agents: How the Behavior Model is Formed

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  • O. S. Sukharev

Abstract

The information influences the behavior of agents - their decisions in different situations of economic choice. This expectation of price change benefits, supply and demand will affect the final decision of the agent. Here is how the grand total interaction of agents on the side of supply and demand is determined by the presence or absence of information on mutual reactions of the agents is shown. The procedure for selecting an agent, as shown by D. Kaneman A. Tverski, is highly dependent on the expectations, sometimes on the intuition of the agents, who would rather prefer small win to more serious losses, since the rejection of the loss is higher than the acceptance of the prize. To develop this model of decisionmaking and behavior, it is shown that, if the agent exactly commensurate loss probability and payoff, or has information about alternatives, lost his psychological evaluation in the sense of loss aversion of Kahneman-Tversky. In other words, decisions and behaviors algorithm are generated in a more complex way, than in the prospect theory.

Suggested Citation

  • O. S. Sukharev, 0. "The Information and Agents: How the Behavior Model is Formed," Economics of Contemporary Russia, Regional Public Organization for Assistance to the Development of Institutions of the Department of Economics of the Russian Academy of Sciences, issue 3.
  • Handle: RePEc:ack:journl:y::id:148
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    File URL: https://www.ecr-journal.ru/jour/article/viewFile/148/147
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