An Algorithm for the Simulation of Bounded Rational Agents
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References listed on IDEAS
- Herbert Simon, 2000. "Bounded rationality in social science: Today and tomorrow," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 1(1), pages 25-39, March.
- LeBaron, Blake & Arthur, W. Brian & Palmer, Richard, 1999.
"Time series properties of an artificial stock market,"
Journal of Economic Dynamics and Control,
Elsevier, vol. 23(9-10), pages 1487-1516, September.
- Arthur, W.B. & LeBaron, B. & Palmer, R., 1997. "Time Series Properties of an Artificial Stock Market," Working papers 9725, Wisconsin Madison - Social Systems.
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"Prospect Theory: An Analysis of Decision under Risk,"
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- Nicolas Marciales Parra, 2013. "A mathematical model for consumers based on aspiration adaptation theory and bounded rationality," Review of Applied Socio-Economic Research, Pro Global Science Association, vol. 5(1), pages 136-143, June.
More about this item
Keywordsagent based modelling; bounded rationality; reinforcement learning; rule extraction;
- C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2009-07-11 (All new papers)
- NEP-CBE-2009-07-11 (Cognitive & Behavioural Economics)
- NEP-CMP-2009-07-11 (Computational Economics)
- NEP-EVO-2009-07-11 (Evolutionary Economics)
- NEP-UPT-2009-07-11 (Utility Models & Prospect Theory)
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