Simulating Bounded Rationality in Decision-Making: An Agent-Based Choice Modelling of Vehicle Purchasing
| Type of publication: | Inproceedings |
| Citation: | |
| Booktitle: | Proceedings of the Social Simulation Conference |
| Year: | 2022 |
| Month: | September |
| Howpublished: | to be published in the Proceedings of the Social Simulation Conference 2022 |
| DOI: | 10.1007/978-3-031-34920-1_34 |
| Abstract: | This paper investigates the possibility of simulating bounded rationality effects in an agent’s decision-making scheme by limiting its capability of perceiving information and utilising a decision-making framework of Triandis’ Theory of Interpersonal Behaviour. Based on previous work on an agent-based platform, BedDeM, we propose how to capture the effects of sequential, emotional, habitual and multi-criteria decision-making. The Perception component in the agent is further extended to take into account confirmation bias and the bandwagon effect. We demonstrate the functionality of this model in the context of purchasing vehicles in Switzerland’s households. |
| Keywords: | |
| Authors | |
| Added by: | [] |
| Total mark: | 0 |
|
Attachments
|
|
|
|
|
Notes
|
|
|
|
|
|
Topics
|
|
|
|
|
