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An artificial economy based on reinforcement learning and agent based modeling

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dc.creatorLozano, Fernando
dc.creatorLozano, Jaime
dc.creatorGarcía, Mario
dc.date.accessioned2015-09-28T16:27:07Z
dc.date.available2015-09-28T16:27:07Z
dc.date.created2007
dc.date.issued2007
dc.description.abstractIn this paper, we employ techniques from artificial intelligence such as reinforcement learning and agent based modeling as building blocks of a computational model for an economy based on conventions. First we model the interaction among firms in the private sector. These firms behave in an information environment based on conventions, meaning that a firm is likely to behave as its neighbors if it observes that their actions lead to a good pay off. On the other hand, we propose the use of reinforcement learning as a computational model for the role of the government in the economy, as the agent that determines the fiscal policy, and whose objective is to maximize the growth of the economy. We present the implementation of a simulator of the proposed model based on SWARM, that employs the SARSA(λ) algorithm combined with a multilayer perceptron as the function approximation for the action value function.eng
dc.format.extent[9 páginas]spa
dc.format.mediumRecurso electrónicospa
dc.format.mimetypeapplication/pdf
dc.format.tipoDocumentospa
dc.identifier.doihttps://doi.org/10.48713/10336_10893
dc.identifier.urihttp://repository.urosario.edu.co/handle/10336/10893
dc.language.isospa
dc.publisherUniversidad del Rosariospa
dc.publisher.departmentFacultad de Economíaspa
dc.relation.citationTitleSerie Documentos de trabajo. Economía
dc.relation.urihttps://ideas.repec.org/p/col/000092/003907.html
dc.rights.accesRightsinfo:eu-repo/semantics/openAccess
dc.rights.accesoAbierto (Texto completo)spa
dc.rights.ccAtribución-NoComercial-SinDerivadas 2.5 Colombiaspa
dc.source.instnameinstname:Universidad del Rosariospa
dc.source.instnameinstname:Universidad del Rosariospa
dc.source.reponamereponame:Repositorio Institucional EdocURspa
dc.subject.ddcEconomía
dc.subject.keywordreinforcement learningeng
dc.subject.keywordagent-based modelingeng
dc.subject.keywordcomputational economicseng
dc.subject.lembDesarrollo económicospa
dc.subject.lembModelos económicosspa
dc.subject.lembCrecimiento económicospa
dc.subject.lembEconomíaspa
dc.titleAn artificial economy based on reinforcement learning and agent based modelingspa
dc.typeworkingPapereng
dc.type.hasVersioninfo:eu-repo/semantics/acceptedVersion
dc.type.spaDocumento de trabajospa
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