Title :
Agent Based Modelling of Coevolution of Trust between Client and Wealth Managers
Author :
Thompson, James ; Bossomaier, Terry
Author_Institution :
Centre for Res. in Complex Syst., Charles Sturt Univ., Bathurst, NSW
fDate :
Nov. 28 2006-Dec. 1 2006
Abstract :
Agent based modelling is used to study the pattern of interaction between clients and wealth management advisors (WMAs). A simulated investment market is used by WMAs to invest money on behalf of clients with differing investment goals. Client and WMA strategies coevolve, each maximising their own wealth. Simulations show abrupt transitions where trust between clients and WMAs rises dramatically and in most cases remains stable thereafter.
Keywords :
investment; software agents; agent based modelling; investment goals; money investment; simulated investment market; trust coevolution; wealth management advisors; Animals; Australia; Computational intelligence; Genetic algorithms; Humans; Investments; Marketing and sales; Pensions; Positron emission tomography; Psychology;
Conference_Titel :
Computational Intelligence for Modelling, Control and Automation, 2006 and International Conference on Intelligent Agents, Web Technologies and Internet Commerce, International Conference on
Conference_Location :
Sydney, NSW
Print_ISBN :
0-7695-2731-0
DOI :
10.1109/CIMCA.2006.36
