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Toward an Autonomous-Agents Inspired Economic Analysis

Shu-Heng Chen and Tina Yu

No 1118, ASSRU Discussion Papers from ASSRU - Algorithmic Social Science Research Unit

Abstract: This paper demonstrates the potential role of autonomous agents in economic theory. We first dispatch autonomous agents, built by genetic programming, to double auction markets. We then study the bargaining strategies discovered by them, and from there an autonomous-agent-inspired economic theory with regard to the optimal procrastination is derived.

Keywords: Agent-Based Double Auction Markets; Autonomous Agents; Genetic Programming; Bargaining Strategies; Monopsony; Procrastination Strategy (search for similar items in EconPapers)
Date: 2011
New Economics Papers: this item is included in nep-cbe, nep-cmp, nep-evo, nep-gth and nep-hpe
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