This is an agent-based model with two types of agents: customers and insurers. Insurers are price-takers who choose how much to spend on their service quality, and customers evaluate insurers based on premium, brand preference, and their perceived service quality. Customers are also connected in a small-world network and may share their opinions with their network.
The ABM contains two types of agents: insurers and customers. These act within the environment of a motor insurance market. At each simulation, the model undergoes the following steps:
Initial release
Version | Submitter | First published | Last modified | Status |
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1.0.0 | Rei England | Fri Mar 4 22:34:27 2022 | Fri Mar 4 22:34:27 2022 | Published |