Please use this identifier to cite or link to this item:
https://ruomo.lib.uom.gr/handle/7000/1037
Title: | Emotional Agents Make a (Bank) Run |
Authors: | Grevenitis, Konstantinos Sakellariou, Ilias Kefalas, Petros |
Type: | Conference Paper |
Subjects: | FRASCATI::Natural sciences::Computer and information sciences |
Keywords: | Multi Agent Simulation Artificial Emotions Agent Based Computational Economics Bank runs |
Issue Date: | 5-Jan-2021 |
Volume: | 12520 |
First Page: | 171 |
Last Page: | 187 |
Volume Title: | Multi-Agent Systems and Agreement Technologies |
Part of Series: | Lecture Notes in Computer Science |
Part of Series: | Lecture Notes in Computer Science |
Abstract: | Agent-based Computational Economics (ACE) is an area that has gained significant attention, since it offers the possibility to model economic phenomena in a more fine-grained manner than other approaches. One such phenomenon is “bank panic” in which the term “panic” implies the existence of emotional bias towards to the sudden withdrawal of deposits from financial institutions (simultaneous bank runs). However, research towards complex emotional agents in ACE has not been extensively conducted. The paper employs a formal state-based model enhanced with explicit emotional states, mood and personality characteristics in order to describe the agents behavior. A NetLogo simulation of a multi-agent system in a limited economic environment is attempted in order to study the effects of emotions, emotion contagion and the role of various players in the genesis of a bank panic crisis. The aim is to investigate further whether such agent models that are already used in other areas, such as evacuation simulation, could also provide a better insight on the evolution of such economic phenomena. |
URI: | https://doi.org/10.1007/978-3-030-66412-1_12 https://ruomo.lib.uom.gr/handle/7000/1037 |
ISBN: | 978-3-030-66411-4 978-3-030-66412-1 |
ISSN: | 0302-9743 1611-3349 |
Other Identifiers: | 10.1007/978-3-030-66412-1_12 |
Appears in Collections: | Department of Applied Informatics |
Files in This Item:
File | Description | Size | Format | |
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EmotionalAgentsMakeABankRun.pdf | 810,1 kB | Adobe PDF | View/Open |
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