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Modelling Greed of Agents in Economical Context

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Trends in Applied Intelligent Systems (IEA/AIE 2010)

Part of the book series: Lecture Notes in Computer Science ((LNAI,volume 6097))

Abstract

A classical debate in economics addresses the advantages and drawbacks of modelling from a macroeconomics perspective as opposed to modelling from a microeconomics perspective. Form the latter psychological aspects at an individual level can be taken into account in a differentiated manner. Within computer science and AI, a similar debate exists about the differences between agent-based and population-based modelling. This paper aligns both debates by exploring the differences and commonalities between population-based and agent-based modelling in economical context. A case study is performed on the interplay between individual greed as a psychological concept and global economical concepts. It is shown that under certain conditions agent-based and population-based simulations show similar results.

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Author information

Authors and Affiliations

  1. Department of Artificial Intelligence, Vrije Universiteit Amsterdam, De Boelelaan 1081a, 1081 HV, Amsterdam, The Netherlands

    Tibor Bosse, Ghazanfar F. Siddiqui & Jan Treur

  2. Department of Computer Science, Quaid-i-Azam University Islamabad, 45320, Pakistan

    Ghazanfar F. Siddiqui

Authors
  1. Tibor Bosse
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  2. Ghazanfar F. Siddiqui
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  3. Jan Treur
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Editor information

Editors and Affiliations

  1. Dept. of Computing and Numerical Analysis, University of Cordoba, Campus Universitario de Rabanales, Einstein Building, 3rd floor,, 14071, Cordoba, Spain

    Nicolás García-Pedrajas

  2. Dept. of Computer Science and Artificial Intelligence, ETS de Ingenierias Informática y de Telecomunicación, University of Granada, 18071, Granada, Spain

    Francisco Herrera

  3. School of Computing, University of the West of Scotland, PA1 2BE, Paisley, UK

    Colin Fyfe

  4. Dept. Computer Science and Artificial Intelligence, ETS de Ingenierias Informática y de Telecomunicación, University of Granada, 18071, Granada, Spain

    José Manuel Benítez

  5. Department of Computer Science, Texas State University-San Marcos, 601 University Drive, TX 78666-4616, San Marcos, USA

    Moonis Ali

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© 2010 Springer-Verlag Berlin Heidelberg

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Bosse, T., Siddiqui, G.F., Treur, J. (2010). Modelling Greed of Agents in Economical Context. In: García-Pedrajas, N., Herrera, F., Fyfe, C., Benítez, J.M., Ali, M. (eds) Trends in Applied Intelligent Systems. IEA/AIE 2010. Lecture Notes in Computer Science(), vol 6097. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-13025-0_43

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  • DOI: https://doi.org/10.1007/978-3-642-13025-0_43

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-13024-3

  • Online ISBN: 978-3-642-13025-0

  • eBook Packages: Computer ScienceComputer Science (R0)

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