An agent-based model of residential choice dynamics in nonstationary housing markets

O.T.J. Devisch; H.J.P. Timmermans; T.A. Arentze; A.W.J. Borgers

doi:10.1068/a41158

An agent-based model of residential choice dynamics in nonstationary housing markets

O.T.J. Devisch, H.J.P. Timmermans, T.A. Arentze, A.W.J. Borgers

Urban Planning and Transportation

Onderzoeksoutput: Bijdrage aan tijdschrift › Tijdschriftartikel › Academic › peer review

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This paper presents an agent-based model developed to simulate residential choice behaviour in a nonstationary housing market. The model is built around the assumption that agents have incomplete and imperfect knowledge, and thus have to base their decisions on beliefs. The aim 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.

Originele taal-2	Engels
Pagina's (van-tot)	1997-2013
Aantal pagina's	17
Tijdschrift	Environment and Planning A
Volume	41
Nummer van het tijdschrift	8
DOI's	https://doi.org/10.1068/a41158
Status	Gepubliceerd - 2009

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AB - This paper presents an agent-based model developed to simulate residential choice behaviour in a nonstationary housing market. The model is built around the assumption that agents have incomplete and imperfect knowledge, and thus have to base their decisions on beliefs. The aim 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.

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An agent-based model of residential choice dynamics in nonstationary housing markets

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