A bounded rational agent-based model of consumer choice

A bounded rational agent-based model of consumer choice

In a bottom-up approach, agent-based models have been extensively used in finance and economics in order to understand how macro-level phenomena can emerge from myriads of micro-level behaviours of individual agents. Moreover, in the absence of (big) data there is still the need to test economic the...

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Bibliographic Details
Main Authors: Georgios Alkis Tsiatsios, John Leventides, Evangelos Melas, Costas Poulios
Format: Article
Language:English
Published: AIMS Press 2023-09-01
Series:Data Science in Finance and Economics
Subjects:
agent - based modeling
simulation algorithm
machine learning
polyparametric demand functions
heterogeneity
Online Access:https://www.aimspress.com/article/doi/10.3934/DSFE.2023018?viewType=HTML

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https://www.aimspress.com/article/doi/10.3934/DSFE.2023018?viewType=HTML

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