Expected utility or prospect theory: Which better fits agent-based modeling of markets?
Paulo André Lima de CastroAnderson Rodrigo Barreto TeodoroLuciano Irineu de CastroSimon ParsonsPublished in: J. Comput. Sci. (2016)
Keyphrases
- agent based modeling
- prospect theory
- expected utility
- financial markets
- utility function
- decision theoretic
- social behavior
- decision makers
- decision theory
- decision making
- complex systems
- pareto optimal
- social sciences
- influence diagrams
- stock price
- multi agent systems
- stock market
- geographical information systems
- optimal strategy
- risk management
- agent based models
- learning algorithm
- social interaction
- decision problems
- cooperative
- belief functions
- belief state
- graphical models
- fuzzy logic