Embedding Human Behavior Using Multidimensional Economic Agents

Bota, Florentin; Simian, Dana

doi:10.1007/978-3-030-68527-0_1

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2021

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Cited by 1 publication

(2 citation statements)

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“…This paper represents an important phase in our MEA [5] research, in which we developed a theoretical model that can be used to simulate and forecast human actions in complex scenarios.…”

Section: Resultsmentioning

confidence: 99%

“…We propose a new unified computational model that represents the human decision-making process in complex systems, such as economy. The model is created using a bottom-up, data-driven approach [5] and will provide an effective tool for developing realistic Multidimensional Economic Agents (MEA). This paper focuses on the rational part of the model, where we analyze the standard paradigm, specifically the time-preference or temporal discounting phenomenon observed in economy.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Temporal Discounting for Multidimensional Economic Agents

Bota

2021

Studia UBB Informatica

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Individuals frequently place a higher value on money and goods today than they would in the future. This is known as temporal or time discounting, and most economic models include discount functions to represent such utility over time. In this paper we evaluated traditional models with experimental data from the scientific literature and constructed our own samples for comparison. In addition, we evaluated the prediction accuracy of the models and proposed new hybrid solutions. Our investigation aims to contribute to a better understanding of human nature in complex processes.

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“…This paper represents an important phase in our MEA [5] research, in which we developed a theoretical model that can be used to simulate and forecast human actions in complex scenarios.…”

Section: Resultsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%