title: Modelling Bounded Rationality In Agent-Based Simulations using the Evolution of Mental Models
creator: Edmonds, Bruce
subject: Cognitive Psychology
subject: Artificial Intelligence
subject: Complexity Theory
subject: Machine Learning
subject: Evolutionary Psychology
subject: Social Psychology
description: A technique for modelling economic agents with bounded and procedural rationality is presented. In this technique an agent has a population of mental models which evolve. This evolution is its learning process. This is embedded within an agent architecture which then exhibits several qualitative characteristics relevant to modelling human-like agents. Two example models using this technique are presented. The first is of agents attempting to learn their own utility function in the presence of structural change. The second is an extension of Brian Arthur's `El Farol Bar' model where evolutionary learning and communication is added.
publisher: Kluwer Academic
contributor: Brenner, Thomas
date: 1998
type: Book Chapter
type: NonPeerReviewed
format: application/postscript
identifier: http://cogprints.org/511/1/mbremmA4.ps
format: application/pdf
identifier: http://cogprints.org/511/5/mbremm.pdf
identifier:   Edmonds, Bruce  (1998) Modelling Bounded Rationality In Agent-Based Simulations using the Evolution of Mental Models.  [Book Chapter]    (In Press)  
relation: http://cogprints.org/511/