Title :
Cooperative agent systems: artificial agents play the ultimatum game
Author :
Zhong, Fang ; Kimbrough, Steven O. ; Wu, D.J.
Author_Institution :
LeBow Coll. of Bus., Drexel Univ., Philadelphia, PA, USA
Abstract :
We explore computational approaches for artificial agents to play the ultimatum game. We compare our agents´ behavior with that predicted by classical game theory, as well as behavior found in experimental (or behavioral) economics investigations. In particular, we study the following questions: How do artificial agents perform in playing the ultimatum game against fixed rules, dynamic rules, and rotating rules? How do coevolving artificial agents perform? Will learning software agents do better? What is the value of intelligence? What will happen when smart learning agents play against dumb (no-learning) agents? What will be the impact of agent memory size on performance? We provide some initial experimental results pertaining to these questions.
Keywords :
game theory; learning (artificial intelligence); multi-agent systems; software agents; classical game theory; coevolving artificial agents; cooperative agent system; dynamic rules; economics investigations; fixed rules; learning software agents; rotating rules; smart learning agents; ultimatum game; Artificial intelligence; Autonomous agents; Economic forecasting; Educational institutions; Game theory; Humans; Intelligent agent; Internet; Psychology; Software agents;
Conference_Titel :
System Sciences, 2002. HICSS. Proceedings of the 35th Annual Hawaii International Conference on
Print_ISBN :
0-7695-1435-9
DOI :
10.1109/HICSS.2002.994150