Agent-based modeling of lottery markets with the expected-utility paradigm

Title	Agent-based modeling of lottery markets with the expected-utility paradigm
Creator	Chen, Shu-heng;Chie, Bin-tzong;Lee, Chia-wei 陳樹衡
Contributor	經濟系
Date	2005
Date Issued	28-Apr-2015 14:29:27 (UTC+8)
Summary	This paper proposes an agent-based computational model of a lottery market based on an expected-utility paradigm, in which agents` decisions regarding lottery participation are based on their own subjective beliefs, and those beliefs are evolving over time with genetic algorithms. The simulation results are then compared with another agent-based lottery market with different agent engineering. It is found that almost all emergent properties, such as the Laffer curve, the halo effect (lottomania), conscious-selection behavior, and the interdependent preference (regretting effect) are qualitatively robust with these two different designs of agents
Relation	Evolutionary Computation, 2005. The 2005 IEEE Congress on (Volume:1 ),366-373
Type	article
ISBN	10.1109/CEC.2005.1554707

dc.contributor	經濟系
dc.creator (作者)	Chen, Shu-heng;Chie, Bin-tzong;Lee, Chia-wei
dc.creator (作者)	陳樹衡	zh_TW
dc.date (日期)	2005
dc.date.accessioned	28-Apr-2015 14:29:27 (UTC+8)	-
dc.date.available	28-Apr-2015 14:29:27 (UTC+8)	-
dc.date.issued (上傳時間)	28-Apr-2015 14:29:27 (UTC+8)	-
dc.identifier.isbn (ISBN)	10.1109/CEC.2005.1554707
dc.identifier.uri (URI)	http://nccur.lib.nccu.edu.tw/handle/140.119/74890	-
dc.description.abstract (摘要)	This paper proposes an agent-based computational model of a lottery market based on an expected-utility paradigm, in which agents` decisions regarding lottery participation are based on their own subjective beliefs, and those beliefs are evolving over time with genetic algorithms. The simulation results are then compared with another agent-based lottery market with different agent engineering. It is found that almost all emergent properties, such as the Laffer curve, the halo effect (lottomania), conscious-selection behavior, and the interdependent preference (regretting effect) are qualitatively robust with these two different designs of agents
dc.format.extent	130 bytes	-
dc.format.mimetype	text/html	-
dc.relation (關聯)	Evolutionary Computation, 2005. The 2005 IEEE Congress on (Volume:1 ),366-373
dc.title (題名)	Agent-based modeling of lottery markets with the expected-utility paradigm
dc.type (資料類型)	article	en