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Landscape in the Economy of Conspicuous Consumptions

Situngkir, Hokky (2010) Landscape in the Economy of Conspicuous Consumptions. [Departmental Technical Report]

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Abstract

Psychological states side by side with the bounded rational expectations among social agents contributes to the pattern of consumptions in economic system. One of the psychological states are the envy – a tendency to emulate any gaps with other agents’ properties. The evolutionary game theoretic works on conspicuous consumption are explored by growing the micro-view of economic agency in lattice-based populations, the landscape of consumptions. The emerged macro-view of multiple equilibria is shown in computational simulative demonstrations altogether with the spatial clustered agents based upon the emerged agents’ economic profiles.

Item Type:Departmental Technical Report
Keywords:conspicuous consumption, behavioral economics, agent-based simulations
Subjects:Psychology > Behavioral Analysis
Computer Science > Complexity Theory
Computer Science > Dynamical Systems
Psychology > Social Psychology > Social simulation
ID Code:6852
Deposited By:Situngkir, Mr Hokky
Deposited On:06 Jun 2010 15:34
Last Modified:11 Mar 2011 08:57

References in Article

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