Computational Model Library

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Bargaining with misvaluation

Marcin Czupryna | Published Wednesday, January 14, 2026

Subjective biases and errors systematically affect market equilibria, whether at the population level or in bilateral trading. Here, we consider the possibility that an agent engaged in bilateral trading is mistaken about her own valuation of the good she expects to trade, that has not been explicitly incorporated into the existing bilateral trade literature. Although it may sound paradoxical that a subjective private valuation is something an agent can be mistaken about, as it is up to her to fix it, we consider the case in which that agent, seller or buyer, consciously or not, given the structure of a market, a type of good, and a temporary lack of information, may arrive at an erroneous valuation. The typical context through which this possibility may arise is in relation with so-called experience goods, which are sold while all their intrinsic qualities are still unknown (such as untasted bottled fine wines). We model this “private misvaluation” phenomenon in our study. The agents may also be mistaken about how their exchange counterparties are themselves mistaken. Formally, they attribute a certain margin of error to the other agent, which can differ from the actual way that another agent misvalues the good under consideration. This can constitute the source of a second-order misvaluation. We model different attitudes and situations in which agents face unexpected signals from their counterparties and the manner and extent to which they revise their initial beliefs. We analyse and simulate numerically the consequences of first-order and second-order misvaluation on market equilibria.

A model of the emergence of intersectional life course inequalities through transitions in the workplace. It explores LGBTQ citizens’ career outcomes and trajectories in relation to several mediating factors: (i) workplace discrimination; (ii) social capital; (iii) policy interventions (i.e., workplace equality, diversity, and inclusion policies); (iv) and LGBTQ employees’ behaviours in response to discrimination (i.e., moving workplaces and/or different strategies for managing the visibility of their identity).

Modeling Personal Carbon Trading with ABM

Roman Seidl | Published Friday, December 07, 2018 | Last modified Thursday, July 29, 2021

A simulated approach for Personal Carbon Trading, for figuring out what effects it might have if it will be implemented in the real world. We use an artificial population with some empirical data from international literature and basic assumptions about heterogeneous energy demand. The model is not to be used as simulating the actual behavior of real populations, but a toy model to test the effects of differences in various factors such as number of agents, energy price, price of allowances, etc. It is important to adapt the model for specific countries as carbon footprint and energy demand determines the relative success of PCT.

EthnoCultural Tag model (ECT)

Bruce Edmonds David Hales | Published Friday, October 16, 2015 | Last modified Wednesday, May 09, 2018

Captures interplay between fixed ethnic markers and culturally evolved tags in the evolution of cooperation and ethnocentrism. Agents evolve cultural tags, behavioural game strategies and in-group definitions. Ethnic markers are fixed.

MixFarm ABM Model

Leigh Anderson | Published Thursday, March 03, 2016

MixFarmABM Model examines the competitiveness of second-generation biofuel crops with existing crops and beef cows at the farm level and their impact on the farm structure.

Human-in-the-loop Experiment of the Strategic Coalition Formation using the glove game

Andrew Collins | Published Monday, November 23, 2020 | Last modified Wednesday, June 22, 2022

The purpose of the model is to collect information on human decision-making in the context of coalition formation games. The model uses a human-in-the-loop approach, and a single human is involved in each trial. All other agents are controlled by the ABMSCORE algorithm (Vernon-Bido and Collins 2020), which is an extension of the algorithm created by Collins and Frydenlund (2018). The glove game, a standard cooperative game, is used as the model scenario.

The intent of the game is to collection information on the human players behavior and how that compares to the computerized agents behavior. The final coalition structure of the game is compared to an ideal output (the core of the games).

SimPLS - The PLS Agent

Iris Lorscheid Sandra Schubring Matthias Meyer Christian Ringle | Published Monday, April 18, 2016 | Last modified Tuesday, May 17, 2016

The simulation model SimPLS shows an application of the PLS agent concept, using SEM as empirical basis for the definition of agent architectures. The simulation model implements the PLS path model TAM about the decision of using innovative products.

Peer reviewed FishCensus

Miguel Pais | Published Tuesday, December 06, 2016 | Last modified Thursday, February 09, 2017

The FishCensus model simulates underwater visual census methods, where a diver estimates the abundance of fish. A separate model is used to shape species behaviours and save them to a file that can be shared and used by the counting model.

We seek to improve understanding of roles enzyme play in soil food webs. We created an agent-based simulation of a simple food web that includes enzymatic activity. The model was used in a publication, Moore et al. (in press; Biochemistry).

Roman Amphora reuse

Tom Brughmans | Published Wednesday, August 07, 2019 | Last modified Wednesday, March 15, 2023

UPDATE in V1.1.0: missing input data files added; relative paths to input data files changed to “../data/FILENAME”

A model that allows for representing key theories of Roman amphora reuse, to explore the differences in the distribution of amphorae, re-used amphorae and their contents.

This model generates simulated distributions of prime-use amphorae, primeuse contents (e.g. olive oil) and reused amphorae. These simulated distributions will differ between experiments depending on the experiment’s variable settings representing the tested theory: variations in the probability of reuse, the supply volume, the probability of reuse at ports. What we are interested in teasing out is what the effect is of each theory on the simulated amphora distributions.

Displaying 10 of 1201 results for "Lee-Ann Sutherland" clear search

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