Agent-based modeling of dual currency economy
| Autor: | Bc. Bořivoj Vlk |
|---|---|
| Rok: | 2015 - letní |
| Vedoucí: | PhDr. Ing. Jiří Skuhrovec PhD. |
| Konzultant: | |
| Typ práce: | Bakalářská |
| Jazyk: | Anglicky |
| Stránky: | 69 |
| Ocenění: | |
| Odkaz: | https://is.cuni.cz/webapps/zzp/detail/166560/ |
| Abstrakt: | Thesis describes close relationship between Dynamic programming and reinforcement learning algorithms on the example of a model of a dual currency economy. Dynamic programming is methodology used for deriving equilibria of Search-Theoretic equilibrium monetary models, which provide evidence for emergence of fiat currency or emergence of internationally circulating currencies without any human institutions. Particular previously published SearchTheoretic framework of dual currency economy is used as a background for development of Agent-based Computational model. Both models are compared based on their ability to reach specified equilibria and their assumptions, with the conclusion, that models are closely related and with the same assumptions would have the same results. Agent-based model also provides possibility of relaxing assumptions on perfect information distribution and static environment. In this setting, the model will reach different equilibria, that correspond better to the real human behavior, observed in previously published laboratory experiments. |
