Title :
Evaluating the stochastic properties of agent society from economics´ perspective
Author :
Winoto, Pinata ; Tang, T.Y.
Author_Institution :
Dept. of Econ., Hong Kong Univ. of Sci. & Technol., China
Abstract :
In this paper, we describe the evaluation methodology for the stochastic agent-based simulation. We discuss the cause and consequences of stochastic properties in agent society and provide two methods frequently used in evaluating uncertain prospects, i.e., mean variance and stochastic dominance. An agent-based simulation is used as our test-bed
Keywords :
economic cybernetics; multi-agent systems; agent society; agent-based simulation; economics; mean variance; multi-agent systems; quantitative analysis; stochastic dominance; Aggregates; Analytical models; Computational modeling; Computer science; Computer simulation; Cost accounting; Multiagent systems; Stochastic processes; Stochastic systems; Testing;
Conference_Titel :
Systems, Man, and Cybernetics, 2001 IEEE International Conference on
Conference_Location :
Tucson, AZ
Print_ISBN :
0-7803-7087-2
DOI :
10.1109/ICSMC.2001.971951
