Abstract
This paper presents an agent-based model developed to simulate individual residential choice behaviour in a non-stationary housing market. The model is built around the assumption that agents have incomplete and imperfect knowledge about their environment and thus have to base their decisions on beliefs. The aim of this paper is to illustrate how the agents deal with the uncertainty inherent in these beliefs, both at the level of a single agent, deciding among a set of successive actions, and at the level of a group of agents, negotiating over the price of a house.
| Original language | English |
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| Title of host publication | Proceedings of CUPUM 05, Computers in Urban Planning and Urban Management, 30-Jun-2005, London |
| Place of Publication | London |
| Publisher | University College London |
| Pages | 14-paper 89 |
| Publication status | Published - 2005 |
| Event | 9th International Conference on Computers in Urban Planning and Urban Management (CUPUM 2005), June 29-July 1, 2005, London, UK - CUPUM 2005, London, United Kingdom Duration: 29 Jun 2005 → 1 Jul 2005 |
Conference
| Conference | 9th International Conference on Computers in Urban Planning and Urban Management (CUPUM 2005), June 29-July 1, 2005, London, UK |
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| Abbreviated title | CUPUM 2005 |
| Country/Territory | United Kingdom |
| City | London |
| Period | 29/06/05 → 1/07/05 |