Learning nested agent models in an information economy

DOI10.1080/095281398146770MaRDI QIDQ4421288zbMATH OpenOpenAlexFDO

Authors José Vidal, Edmund H. Durfee

Publication date 1998

Published in Journal of Experimental & Theoretical Artificial Intelligence (Search for Journal in Brave)

Full work available at URL https://arxiv.org/abs/cs/9809108

zbMATH Keywords

multi-agent systems

Mathematics Subject Classification ID

Learning and adaptive systems in artificial intelligence (68T05) Computing methodologies for information systems (hypertext navigation, interfaces, decision support, etc.) (68U35)

Abstract: We present our approach to the problem of how an agent, within an economic Multi-Agent System, can determine when it should behave strategically (i.e. learn and use models of other agents), and when it should act as a simple price-taker. We provide a framework for the incremental implementation of modeling capabilities in agents, and a description of the forms of knowledge required. The agents were implemented and different populations simulated in order to learn more about their behavior and the merits of using and learning agent models. Our results show, among other lessons, how savvy buyers can avoid being ``cheated by sellers, how price volatility can be used to quantitatively predict the benefits of deeper models, and how specific types of agent populations influence system behavior.

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Cites work

• \({\mathcal Q}\)-learning
• scientific article; zbMATH DE number 1922979 (Why is no real title available?)
• On the emergence of social conventions: modeling, analysis, and simulations

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(5)

• Toward a model of intelligence as an economy of agents
• Microeconomic model based on MAS framework: modeling an adaptive producer
• scientific article; zbMATH DE number 1843100 (Why is no real title available?)
• Multiagent cooperative search for portfolio selection
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