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Authors: Gianfranco Giulioni 1 ; Edgardo Bucciarelli 1 ; Marcello Silvestri 2 and Paola D'Orazio 1

Affiliations: 1 “G. D’Annunzio” University, Italy ; 2 Research Group for Experimental Microfoundations of Macroeconomics (GEMM), Italy

Keyword(s): Artificial Intelligence, Experimental Economics, Artificial Economy, Agent-based Computational Economics, Multi-agent Systems.

Related Ontology Subjects/Areas/Topics: Agents ; Artificial Intelligence ; Economic Agent Models

Abstract: In this paper we present a new methodological approach based on the interplay between Experimental Economics and Agent-based Economics. Advances in the design and implementation of individual autonomous economic agents are presented. The methodology is organized in three steps. The first step focuses on agents. We use an inductive rather than a deductive approach: by means of the experimental method we observe agents’ behaviors. The second step is the behavioral rules’ building process that allows us to study how to estimate and structure artificial agents. In the third step, the set of previously induced behavioral rules are used to build artificial agents, i.e. “molded” avatars, which operate in the “archetype” macroeconomic system. The resulting Multi-agent system serves as the macroeconomic environment for our simulations and economic policy analysis.

CC BY-NC-ND 4.0

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Paper citation in several formats:
Giulioni, G.; Bucciarelli, E.; Silvestri, M. and D'Orazio, P. (2014). Avatar-based Macroeconomics - Experimental Insights into Artificial Agents Behavior. In Proceedings of the 6th International Conference on Agents and Artificial Intelligence - Volume 2: ICAART; ISBN 978-989-758-016-1; ISSN 2184-433X, SciTePress, pages 272-277. DOI: 10.5220/0004917902720277

@conference{icaart14,
author={Gianfranco Giulioni. and Edgardo Bucciarelli. and Marcello Silvestri. and Paola D'Orazio.},
title={Avatar-based Macroeconomics - Experimental Insights into Artificial Agents Behavior},
booktitle={Proceedings of the 6th International Conference on Agents and Artificial Intelligence - Volume 2: ICAART},
year={2014},
pages={272-277},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0004917902720277},
isbn={978-989-758-016-1},
issn={2184-433X},
}

TY - CONF

JO - Proceedings of the 6th International Conference on Agents and Artificial Intelligence - Volume 2: ICAART
TI - Avatar-based Macroeconomics - Experimental Insights into Artificial Agents Behavior
SN - 978-989-758-016-1
IS - 2184-433X
AU - Giulioni, G.
AU - Bucciarelli, E.
AU - Silvestri, M.
AU - D'Orazio, P.
PY - 2014
SP - 272
EP - 277
DO - 10.5220/0004917902720277
PB - SciTePress

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