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.

The purpose of the model is to study the impact of global food trade on food and nutrition security in countries around the world. It will incorporate three main aspects of trade between countries, including a country’s wealth, geographic location, and its trade relationships with other countries (past and ongoing), and can be used to study food and nutrition security across countries in various scenarios, such as climate change, sustainable intensification, waste reduction and dietary change.

The purpose of this model is to project the dynamics of technology adoption of autonomous weeding robots by sugar beet producing farmers in North Rhine-Westphalia (NRW). Moreover, the design of the model serves the purpose to investigate second-order effects of robot adoption on shifts in farm income and on production quantities of main crops produced in North Rhine-Westphalia. One aim is to analyse the impact of technology attributes and costs of pesticides on adoption patterns.

This model examines how financial and social top-down interventions interplay with the internal self-organizing dynamics of a fishing community. The aim is to transform from hierarchical fishbuyer-fisher relationship into fishing cooperatives.

An agent-based model which explores Creativity and Urban Development

Simulation-Framework to study the governance of complex, network-like sociotechnical systems by means of ABM. Agents’ behaviour is based on a sociological model of action. A set of basic governance mechanisms helps to conduct first experiments.

The Olympic Peninsula ABM works as a virtual laboratory to simulate the existing forestland management practices as followed by different forestland owner groups in the Olympic Peninsula, Washington, and explore how they could shape the future provisions of multifunctional ecosystem services such as Carbon storage and revenue generation under the business-as-usual scenario as well as by their adaptation to interventions. Forestlands are socio-ecological systems that interact with economic, socio-cultural, and policy systems. Two intervention scenarios were introduced in this model to simulate the adaptation of landowner behavior and test the efficacy of policy instruments in promoting sustainable forest practices and fostering Carbon storage and revenue generation. (1) A market-linked carbon offset scheme that pays the forestland owners a financial incentive in the form of a yearly carbon rent. (2) An institutional intervention policy that allows small forest owners (SFLO) to cooperate for increased market access and benefits under carbon rent scenario. The model incorporates the heterogeneous contexts within which the forestland owners operate and make their forest management decisions by parameterizing relevant agent attributes and contextualizing their unique decision-making processes.

The model represents urban commuters’ transport mode choices among cars, public transit, and motorcycles—a mode highly prevalent in developing countries. Using an agent-based modeling approach, it simulates transport dynamics and serves as a testbed for evaluating policies aimed at improving mobility.

The model simulates an ecosystem of human agents who decide, at each time step, which mode of transportation to use for commuting to work. Their decision is based on a combination of personal satisfaction with their most recent journey—evaluated across a vector of individual needs—the information they crowdsource from their social network, and their personal uncertainty regarding trying new transport options.

Agents are assigned demographic attributes such as sex, age, and income level, and are distributed across city neighborhoods according to their socioeconomic status. To represent social influence in decision-making, agents are connected via a scale-free social network topology, where connections are more likely among agents within the same socioeconomic group, reflecting the tendency of individuals to form social ties with similar others.

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The purpose of this model is to analyze different configurations and scenarios of ecological corridors to simulate the movement of three avoider bird species at a local scale: Chondrohierax uncinatus (Accipitridae), a large carnivorous bird; Ampelion rubrocristatus (Cotingidae), a species that seeks areas with substantial land cover for refuge and rest; and Coeligena bonapartei (Trochilidae), a large hummingbird that prefers areas with a rich and diverse food supply. The model focusses on juvenile bird individuals seeking refuge and food, taking into account the mobility parameters of each species and the existing land cover types within the study area.
Specifically, the model aims to:
• Simulate the movement of 45 avoiders birds which are considered umbrella species sensitive to urban changes (which were chosen based on their specific biological and ecological requirements and parameters relevant to urban conservation efforts), 15 avoiders birds per specie to cross a two-dimensional world predominant urban.
• To be able to select which corridor scenario would be the most beneficial, in order to help the mobility of other species affected by urban fragmentation.
• Contribute to urban ecology research and support decision-making processes by relevant stakeholders.

An agent-based model for the emigration of highly-skilled labour.

We hypothesise that there are two main factors that impact the decision and ability to move abroad: desire to maximise individual utility and network effects. Accordingly, several factors play role in brain drain such as the overall economic and social differences between the home and host countries, people’s ability and capacity to obtain good jobs and start a life abroad, the barriers of moving abroad, and people’s social network who are already working abroad.