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Agent (economics)





Encyclopedia results for Agent (economics)

  1. Agent (economics)

    In economics , an agent is an actor and decision maker in a Mathematical model model . Typically, every agent makes decisions by solving a well or ill defined Optimization mathematics optimization choice problem. The term agent can also be seen as equivalent to Player game player in game theory . For example, buyers and sellers are two common types of agents in partial equilibrium models of a single market. Macroeconomic model s, especially dynamic stochastic general equilibrium models that are explicitly ..., and real activity . Journal of Monetary Economics 29 1 , pp. 3 24. ref The term agent is also used in relation to Principal agent problem principal agent models in this case it refers specifically ... and agent , The New Palgrave A Dictionary of Economics , v. 3, pp. 966 71. ref In Agent Based Computational Economics , the concept of an agent has been more broadly interpreted to be any persistent ... Homo economicus Representative agent Agency law Demand Set References reflist Category Economics ... the context of a dynamic multi agent economic system. Representative vs. heterogenous agents An Model economics economic model in which all agents of a given type such as all consumers, or all firms are assumed to be exactly identical is called a representative agent model. A model which recognizes differences among agents is called a Heterogeneous social and human science heterogeneous agent model. Economists often use representative agent models when they want to describe the economy in the simplest terms possible. In contrast, they may be obliged to use heterogeneous agent models when differences ... in wealth is likely to be necessary in a model used to study Prudence Prudence in economics and finance ... Permanent Income Hypothesis . Quarterly Journal of Economics 112 1 , pp. 1 56. ref or redistributive taxation. ref Roland Benabou 2002 , Tax and education policy in a heterogeneous agent economy What ... de Wirtschaftseinheit es Agente econ mico fr Agent conomique lt kio subjektas nl Agent economie ...   more details



  1. Agent-Based Computational Economics

    Agent based Computational Economics ACE is the computational study of economies modeled as evolving systems ... acewp1.pdf Agent based Computational Economics , Iowa State University Economics Working Paper 1 ... The Agent Based Computational Economics Approach. World Scientific Publishing, ISBN 9812561005 ... 3927 pdf OeffnerDissohneAnhang.pdf Agent based Keynesian Macroeconomics . PhD thesis, Faculty of Economics, University of W rzburg. ref , and Marxist economics , ref A. F. Cottrell, P. Cockshott, G. J ... 9. ref Overview The Agent economics agents in ACE models can represent individuals e.g. people , social ... needs agent based modelling. Nature, Vol. 460, No. 7256. 05 August 2009 , pp. 685 686. ref See also Computational economics Econophysics Statistical Finance Agent based model Multi agent system ... Agent Based Computational Economics Leigh Tesfatsion s website on ACE at Iowa State University http p.seppecher.free.fr jamel JAMEL a Java Agent based MacroEconomic Laboratory An on line, interactive agent based macroeconomic model http www.curilsolutions.com wikipedia UseOfABM RS.pdf The Use of Agent ... agent based model of the global energy system Category Mathematical economics Category Computational ... by agent interactions without external imposition of equilibrium conditions. ref http www.socsci.aau.dk ae2006 Summary of methods Department of Economics, Politics and Public Administration, Aalborg ... for Computational Economics. ref http comp econ.org Society for Computational Economics website ... 1095. ref ref C. Hommes 2008 , Interacting agents in finance, in The New Palgrave Dictionary of Economics ... Meltdown modelling. Could agent based computer models prevent another financial crisis? . Nature ... jduffy papers duffy2006.pdf Agent based models and human subject experiments . Ch. 19 of L. Tesfatsion and K.L. Judd, eds., Handbook of Computational Economics , Vol. 2 Amsterdam Elsevier, 2006 , pp ... article B6V85 4NJP97X 1 2 96092ac2dfab95f0f07a16f67203e605 Advances in experimental and agent based ...   more details



  1. Agent

    law and practice Real estate agent or real estate broker , person who acts as an intermediary between sellers and buyers of real estate Travel agent, person who works on behalf of a travel agency Tuition agent, person who works on behalf of a tuition agency , specializing in introducing tutors to students requiring help in the academic area Yacht agent or yacht broker , specialist who acts as a representative for the sale of a yacht or boat In economics Agent economics , actor and decision maker .... Agent Based Computational Economics , computational study of economic processes modeled as dynamic ...wiktionary agent Agent may refer to one who acts for, or in the place of, another, by authority from him one entrusted with the business of another. In Business C & F Agent abbreviated from Clearing and Forwarding Agent. In philosophy An entity which is capable of Action philosophy Agency philosophy In sociology A social agent See structure and agency In law enforcement Special agent , title for a detective or investigator for a state, county, municipal, federal or tribal government Secret agent, spy involved in espionage . See Espionage Agents in espionage agents in espionage . In law Agent law ... to create a legal relationship with a third party C & F Agent abbreviated from Clearing and Forwarding Agent IN . Election agent , person legally responsible for the conduct of a candidate s political campaign UK Free agent , sports player whose contract with a team has expired Literary agent , person ... Press agent , professional publicist who acts on behalf of his or her client on all matters involving public relations Sports agent , person who procures and negotiates employment and endorsement deals for a player Talent agent or booking agent, person who finds jobs for actors, musicians and models, etc., in various entertainment businesses Foreign agent, person representing the interests ... public Patent agent or patent attorney , person who has the specialized qualifications necessary for representing ...   more details



  1. The Agent

    For the 1922 film starring Oliver Hardy The Agent film Infobox Single See Wikipedia WikiProject Songs Name The Agent Cover theagentcover.jpg Artist Little Man Tate band Little Man Tate B side Just Can t Take It Released Start date 2006 3 6 df yes Format 7 vinyl , Music download Download Recorded 2006, Steelworks, Sheffield Genre Indie Rock Length Label Yellow Van Records Yellow Van Writer Windle Marriott Producer Shanks Audio sample? Certification This single The Agent br 2006 Next single What? What You Got? br 2006 Misc The Agent was the debut single by Sheffield based indie music indie band Little Man Tate band Little Man Tate . The single was initially released as a limited pressing of 1,800 copies on 7 gramophone record vinyl , on Yellow Van Records . The single peaked at 117 in the UK Singles Chart . The single was very highly rated by Planet Sound , who gave it 9 10, calling it the best single of 2006 thus far. Follow up single What? What You Got? also scored 9 10, making them one of only 3 artists to get 2 9 10 ratings with songs on one album, along with Muse band Muse and The Magic Numbers . Track listing The Agent Just Can t Take It External links http www.littlemantate.co.uk Official Website DEFAULTSORT Agent, The Category 2006 singles Category Little Man Tate songs Category Debut singles ...   more details



  1. Economics

    . ref Economics aims to explain how economy economies work and how economic Agent economics agents ... that Agent economics agents choose strategies to maximize their payoffs, given the strategies ...dablink This article is about the social science. For other uses, see Economics disambiguation . For a topical guide to this subject, see Outline of economics . pp semi small yes Economics is the Social sciences social science that analyzes the Production theory basics production , Distribution economics distribution , and Consumption economics consumption of Good economics and accounting goods and Service economics services . The term economics comes from the Ancient Greek lang grc wikt ... of modern economics was the desire to use an empirical approach more akin to the physical ... Enc Crime.html Crime, The Concise Encyclopedia of Economics. . Retrieved October 21, 2007. ref education economics education , ref The World Bank 2007 . http go.worldbank.org 78EK1G87M0 Economics of Education. . Retrieved October 21, 2007. ref the Family economics family , Health economics health , Law and economics law , public choice politics , Economics of religion religion , ref Iannaccone, Laurence R. 1998 . Introduction to the Economics of Religion, Journal of Economic Literature , 36 3 , http ... 2520 2520Introduction 2520to 2520the 2520Economics 2520of 2520Religion.pdf 22Introduction to the Economics of Religion 22&hl en&ct clnk&cd 1&gl us pp. 1465 1495. . ref Institutional economics social ... October 21, 2007. ref and science . ref Arthur M. Diamond, Jr. 2008 . science, economics of, The New Palgrave Dictionary of Economics , 2nd Edition, Basingstoke and New York Palgrave Macmillan . Pre publication ... palgraveeconsci07.pdf 22 22&hl en&ct clnk&cd 2&gl us cached ccpy. ref The expanding domain of economics in the social science s has been described as economic imperialism economics economic imperialism ... Journal Economics , 115 1 , p http www.jstor.org pss 2586936 p. 99 146. http 66.102.1.104 scholar?hl ...   more details



  1. Rational agent

    In economics , game theory , decision theory , and artificial intelligence , a rational agent is an agent which has clear preferences , models uncertainty via expected values , and always chooses to perform the action that results in the Optimization mathematics optimal outcome for itself from among all feasible actions. Rational agents are also studied in the fields of cognitive science , ethics , and philosophy, including the philosophy of practical reason . A rational agent can be anything that makes decisions, typically a person, firm, machine, or software. The action a rational agent takes depends on the preferences of the agent the agent s information of its environment, which may come from past experiences the actions, duties and obligations available to the agent the estimated or actual benefits and the chances of success of the actions. In game theory and classical economics , it is often assumed that the actor s, people, and firms are rational. However, the extent that people and firms behave rationally is subject to debate. Economists often assume the models of rational choice theory and bounded rationality to formalize and predict the behavior of individuals and firms. Rational agents sometimes behave in manners that are counter intuitive to many people, as in the Traveler s dilemma . Artificial intelligence has borrowed the term rational agents from economics to describe ... Artificial intelligence Russell Norvig 2003 See also Economics Homo economicus Agent economics Bounded rationality Rational choice theory Game theory Software Intelligent agent Software agent Category Philosophical terminology Category Economics terminology Category Artificial intelligence cs Racion ln agent is Skynsamur gj randi ru uk ... to intelligent agent s , autonomous software programs that display intelligence. NOTOC References Economics and game theory Citation last Osborne first Martin last2 Rubinstein first2 Ariel year 2001 ...   more details



  1. Representative agent

    , an Model economics economic model is said to have a representative agent if all Agent economics ... of the representative Agent economics agent , which may be either a consumer or a producer or, frequently ... these reasons for representative agent modelling unconvincing. Kirman 1992 , too, is critical of the representative agent approach in economics. Because representative agent models simply ignore valid ... alternative to the representative agent approach to economics could be Agent Based Computational Economics agent based simulation models which are capable of dealing with many heterogeneous agents .... See also Agent economics Homo economicus Aggregate demand Aggregation problem Category Economics ...nofootnotes date April 2010 Economist s use the term representative agent to refer to the typical decision ... agent when agents differ, but act in such a way that the sum of their choices is mathematically equivalent ... heterogeneous agent model. The notion of the representative agent can be traced back to the late 19th ... introduced a representative firm in his Principles of Economics . However, after Lucas critique Robert ... for macroeconomics, the notion of the representative agent became more prominent and more controversial ... study a representative agent, this is because it is usually simpler to consider to one typical ... must abandon the representative agent assumption when differences between individuals are central to the question ... agent model since health insurance, by definition, is a transfer of money from relatively ... for the prominence of representative agent modelling in contemporary macroeconomics. The Lucas ... that explicitly described the decision making situation of the individual agent. In such a model, an economist could analyze a policy change by recalculating the decision problem of each agent under ... agent. General equilibrium models with many heterogeneous agents are much more complex ... in which the representative agent disagrees with all individuals in the economy. Policy recommendations ...   more details



  1. Intelligent agent

    intelligent agent s. Still others notably Harvtxt Russell Norvig 2003 considered goal directed behavior as the essence of intelligence and so prefer a term borrowed from economics , rational agent . Intelligent agents in artificial intelligence are closely related to agent economics agent s in Agent Based Computational Economics economics , and versions of the intelligent agent paradigm ... intelligence , an intelligent agent IA is an autonomous entity which observes and acts upon an Environment biophysical environment i.e. it is an Software agent agent and directs its activity ... such as a thermostat is an intelligent agent, ref According to the definition given by harvtxt Russell ... 408px Simple reflex agent Intelligent agents are often described schematically as an abstract functional ... abstract intelligent agent s AIA Citation needed date October 2010 to distinguish them from their real ... agents are also closely related to software agent s an autonomous software program that carries out tasks on behalf of users . In computer science , the term intelligent agent may be used to refer to a software agent that has some intelligence, regardless if it is not a rational agent by Russell .... Structure of agents Expand section date February 2009 A simple agent program can be defined mathematically as an agent function ref Harvnb Russell Norvig 2003 p 33 ref which maps every possible percepts sequence to a possible action the agent can perform or to a coefficient, feedback element, function or constant that affects eventual actions math f P ast rightarrow A math The program agent , instead, maps every possible percept to an action. We use the term percept to refer to the agent s perceptional inputs at any given instant. In the following figures an agent is anything that can be viewed .... Classes of intelligent agents Image Simple reflex agent.png thumb right 408px Simple reflex agent Image Model based reflex agent.png thumb right 408px Model based reflex agent Image Model based goal ...   more details



  1. Government agent

    dictdef A government agent or a federal agent is an agent of a federal government federal law enforcement agency . See also G Man slang G man special agent law enforcement stub Category Law enforcement ...   more details



  1. Agent 13

    Agent 13 may refer to Agent 13 The Midnight Avenger , The main character of an eponymous spy fiction series published by TSR from 1986 1988 Agent 13, an agent of S.H.I.E.L.D. in the Marvel Universe, an alias of Sharon Carter Agent 13, A supporting character in the spy parody TV series Get Smart disambig ...   more details



  1. Crown Agent

    Crown Agent may refer to The Crown Office and Procurator Fiscal Service Crown Agent Crown Agent , principal legal advisor to the Scottish Lord Advocate on prosecution matters A member of a Crown Agency disambig ...   more details



  1. Government Agent

    A function called Government Agent exist or existed in the past in several countries, such as Sri Lanka see Government Agent Sri Lanka Canada see Government Agent Canada disambiguation ...   more details



  1. Free agent

    the player to terminate it. Types Unrestricted free agent Unrestricted free agents are players without ... a new contract. Restricted free agent The specific rules of restricted free agency vary among ... free agent, they must compensate the original team with draft picks. clarify date December 2010 Undrafted free agent Players Undrafted sportsperson who are not drafted in a league s annual ... with any team. Association football In professional association football , a free agent is a player ... usage Restricted free agents Restricted free agent s RFAs are players who have three or more accrued ... a season. If a player was a protected Plan B free agent, he was incapable of signing with another team ... A free agent, to whom they have offered arbitration, receive the top draft pick from the team that signs the free agent, plus a supplemental draft pick in the upcoming draft as compensation. Teams ... index.html title Free agent Mark Teixeira tops the annual Elias player rankings 2008 MLB Playoffs ... free agent. On July 1 of each year the free agency period begins, ref cite web last McCaig ... lost an unrestricted free agent however, under the current NHL Collective Bargaining Agreement CBA teams losing unrestricted free agents do not receive any compensation. Drawbacks for owners The economics ... professional players in the lower divisions. See also Free agent business Restricted free agent Undrafted ... Agent Category Sports terminology Category Baseball labor relations de Free Agent Allgemein et Vabaagent es Agente libre fr Agent libre it Free agent ja ko pl Wolny agent ru simple Free agent fi Vapaa pelaaja sv Free agent uk zh ...   more details



  1. Teen Agent

    Teen Agent may refer to Teen Agent computer game Teen Agent computer game , a 1995 graphical adventure game released for the MS DOS and Amiga platforms If Looks Could Kill film If Looks Could Kill film , a 1991 film released in the United Kingdom as Teen Agent disambig ...   more details



  1. Virtual agent

    A virtual agent may refer to Intelligent agent , in artificial intelligence Virtual assistant , a person offering remote service Virtual character disambig ...   more details



  1. Agent X

    Agent X may refer to Agent X Music Producers , a British production and songwriting team Agent Extensibility Protocol , a standardised framework for extensible Simple Network Management Protocol agents Agent X Marvel Comics , a fictional mercenary whose adventures have been published by Marvel Comics Agent X Jim Burley , another fictional mercenary owned by Marvel Comics Agent X 1986 video game Agent X 1986 video game , a 1986 video game released by Mastertronic Agent X II The Mad Prof s Back , a 1987 sequel to this game Agent X may also refer to Secret Agent X , the title of a U.S. pulp magazine published by A. A. Wyn, and the name of the main character featured in the magazine Secret Agent X 9 , a comic strip begun by writer Dashiell Hammett and artist Alex Raymond Secret Agent X 9 1937 serial Secret Agent X 9 1937 serial , a 1937 Universal movie serial based on this comic strip Secret Agent X 9 1945 serial Secret Agent X 9 1945 serial , a 1945 Universal movie serial based on this comic strip disambig ...   more details



  1. Art agent

    Unreferenced date July 2009 An art agent is an Agent law agent who represents artist s. The agent functions by attempting to sell the works of an artist, or to otherwise find lucrative opportunities for the artist. The two parties have a contract worked out, where the agent takes a cut of the sales from all works, which may vary, depending on the relationship. It is in the art agent s best interests to sell the works of the artist. The relationship is seen as a Win win game win win for both the artist and the agent. Many unrecognized artists, no matter how talented, may find it hard to find an art agent willing to sell their works. Art agents select their artist not based on their talent but the likelihood their works will sell. Or date July 2009 Citation needed date July 2009 DEFAULTSORT Art Agent job stub Category Visual arts occupations ...   more details



  1. Management agent

    Unreferenced stub auto yes date December 2009 A Management agent is a software agent that runs on a managed node example a router and provides an User interface interface to manage it. It can perform operations on managed object s in the node and can also forward notifications to the manager Element management system EMS . The agent software usually resides in the flash memory of telecommunications devices. See also Software agent DEFAULTSORT Management Agent Category Network management Compu soft stub ...   more details



  1. Political agent

    Political Agent or political agent may refer to Political Resident , a representative with consular duties and political contacts with local chiefs Political officer British Empire , an officer of the British imperial civil administration Election agent , a person legally responsible for the conduct of a candidate s political campaign disambig ...   more details



  1. Antitrichomonal agent

    An antitrichomonal agent is an antiprotozoal agent that acts upon on trichomonas parasites. ref MeshName Antitrichomonal Agents ref Examples include ref MeshPharmaList 82000994 ref furazolidone nifuratel nimorazole ornidazole tinidazole usnic acid References reflist Antiprotozoal agent Category Antiprotozoal agents antiinfective drug stub ...   more details



  1. Drying agent

    The term drying agent has different meanings Desiccant for materials that absorb moisture and water Oil drying agent s for compounds that speed up the drying oil hardening of oils , often used in painting disambig ...   more details



  1. Antinematodal agent

    An antinematodal agent is a type of anthelmintic designed to reduce nematode infection. ref MeshName Antinematodal agent ref References reflist Anthelmintics Category Anthelmintics antiinfective drug stub ...   more details



  1. Fuzzy agent

    Unreferenced stub auto yes date December 2009 In computer science a fuzzy agent is a software agent that implements fuzzy logic . This software entity interacts with its environment through an adaptive rule base and can therefore be considered as a type of intelligent agent . DEFAULTSORT Fuzzy Agent Category Artificial intelligence AI stub su Ag n Fuzzy ...   more details



  1. Nettle agent

    Unreferenced date September 2007 Chemical warfare vert A nettle agent or urticant is a variety of chemical warfare agent that produces corrosive skin and tissue injury upon contact, resulting in erythema , urticaria , intense itch ing and a hive like rash. Most nettle agents, such as the best known and studied nettle agent, phosgene oxime , are often grouped with the vesicant blister agent chemical agents. However, because nettle agents do not cause blister s, they are not true vesicants. Category Chemical weapons weapon stub ...   more details



  1. Buyer agent

    In the real estate business, a buyer agent refers to an agent or broker that represents the buyer in a transaction. This can include buyer agents from traditional listing firms, as well as buyer agents from EBA Exclusive Buyer Agent firms, which represent the interests of the buyer in all transactions. Also See EBA, or Exclusive Buyer Agent Category Real estate ...   more details




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