search query: @indexterm dynamic models / total: 269
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| Author: | Jager, M. |
| Title: | Behavior in common dilemmas: Homo economicus and Homo psychologicus in an ecological-economic model |
| Journal: | Ecological Economics
2000 : DEC, VOL. 35:3, p. 357-380 |
| Index terms: | RESOURCES SIMULATION DYNAMIC MODELS |
| Language: | eng |
| Abstract: | In mainstream economy, behavior is often formalised following the rational actor-approach. However, in real life the behaviour of people is typified by multidimen- sional optimisation. To realise this, people engage in cognitive processes such as social comparison, imitation and repetitive behaviour (habits) so as to efficiently use their limited cognitive resources. A multi-agent simulation program is being developed to study how such micro-level processes affect macro-level outcomes. |
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