Rational Choice and Asymmetric Learning in Iterated Social Interactions – Some Lessons from Agent-Based Modeling

2018 ◽  
pp. 277-294
Author(s):  
Dominik Klein ◽  
Johannes Marx ◽  
Simon Scheller
2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mohammad Raoufi ◽  
Aminah Robinson Fayek

Purpose This paper aims to cover the development of a methodology for hybrid fuzzy Monte Carlo agent-based simulation (FMCABS) and its implementation on a parametric study of construction crew performance. Design/methodology/approach The developed methodology uses fuzzy logic, Monte Carlo simulation and agent-based modeling to simulate the behavior of construction crews and predict their performance. Both random and subjective uncertainties are considered in model variables. Findings The developed methodology was implemented on a real case involving the parametric study of construction crew performance to assess its applicability and suitability for this context. Research limitations/implications This parametric study demonstrates a practical application for the hybrid FMCABS methodology. Though findings from this study are limited to the context of construction crew motivation and performance, the applicability of the developed methodology extends beyond the construction domain. Practical implications This paper will help construction practitioners to predict and improve crew performance by taking into account both random and subjective uncertainties. Social implications This paper will advance construction modeling by allowing for the assessment of social interactions among crews and their effects on crew performance. Originality/value The developed hybrid FMCABS methodology represents an original contribution, as it allows agent-based models to simultaneously process all types of variables (i.e. deterministic, random and subjective) in the same simulation experiment while accounting for interactions among different agents. In addition, the developed methodology is implemented in a novel and extensive parametric study of construction crew performance.


Author(s):  
Nick Malleson ◽  
Alison Heppenstall ◽  
Andrew Crooks

Since the earliest geographical explorations of criminal phenomena, scientists have come to the realization that crime occurrences can often be best explained by analysis at local scales. For example, the works of Guerry and Quetelet—which are often credited as being the first spatial studies of crime—analyzed data that had been aggregated to regions approximately similar to US states. The next major seminal work on spatial crime patterns was from the Chicago School in the 20th century and increased the spatial resolution of analysis to the census tract (an American administrative area that is designed to contain approximately 4,000 individual inhabitants). With the availability of higher-quality spatial data, as well as improvements in the computing infrastructure (particularly with respect to spatial analysis and mapping), more recent empirical spatial criminology work can operate at even higher resolutions; the “crime at places” literature regularly highlights the importance of analyzing crime at the street segment or at even finer scales. These empirical realizations—that crime patterns vary substantially at micro places—are well grounded in the core environmental criminology theories of routine activity theory, the geometric theory of crime, and the rational choice perspective. Each theory focuses on the individual-level nature of crime, the behavior and motivations of individual people, and the importance of the immediate surroundings. For example, routine activities theory stipulates that a crime is possible when an offender and a potential victim meet at the same time and place in the absence of a capable guardian. The geometric theory of crime suggests that individuals build up an awareness of their surroundings as they undertake their routine activities, and it is where these areas overlap with crime opportunities that crimes are most likely to occur. Finally, the rational choice perspective suggests that the decision to commit a crime is partially a cost-benefit analysis of the risks and rewards. To properly understand or model these three decisions it is important to capture the motivations, awareness, rationality, immediate surroundings, etc., of the individual and include a highly disaggregate representation of space (i.e. “micro-places”). Unfortunately one of the most common methods for modeling crime, regression, is somewhat poorly suited capturing these dynamics. As with most traditional modeling approaches, regression models represent the underlying system through mathematical aggregations. The resulting models are therefore well suited to systems that behave in a linear fashion (e.g., where a change in model input leads to a predictable change in the model output) and where low-level heterogeneity is not important (i.e., we can assume that everyone in a particular group of people will behave in the same way). However, as alluded to earlier, the crime system does not necessarily meet these assumptions. To really understand the dynamics of crime patterns, and to be able to properly represent the underlying theories, it is necessary to represent the behavior of the individual system components (i.e. people) directly. For this reason, many scientists from a variety of different disciplines are turning to individual-level modeling techniques such as agent-based modeling.


2020 ◽  
Vol 50 (3) ◽  
pp. 238-259
Author(s):  
Shu-Heng Chen

This article argues that agent-based modeling (ABM) is the methodological implication of Lawson’s championed ontological turn in economics. We single out three major properties of agent-based computational economics (ACE), namely, autonomous agents, social interactions, and the micro-macro links, which have been well accepted by the ACE community. We then argue that ACE does make a full commitment to the ontology of economics as proposed by Lawson, based on his prompted critical realism. Nevertheless, the article also points out the current limitations or constraints of ACE. Efforts to overcome them are deemed to be crucial before ACE can make itself more promising to the current ontological turn in economics.


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