Abstract

Distributed Artificial Intelligence (DAI) concepts and ideas are used to model dynamic strategic interaction among producers in oligopolistic markets. Results of a laboratory experiment with human agents in the role of duopolists were used to design an architecture of artificial agents. A system in which these artificially intelligent agents interact as duopolists in a market environment was implemented and tested. The artificial agents exhibit some of the learning and adaptive capabilities observed in human subjects and the system is able to reproduce the overall pattern of interaction of the laboratory experiments. Results so far encourage us to think that the implementation of a computational test-bench for research in economic strategic interaction based in DAI techniques is possible and may contribute to theoretic progress in economics.Keywordsstrategic interactioneconomic behaviortest-bench for Experimental Economics

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.