An Evolutionary Economic Approach to the Household?
- Research Team
- Jason Hilton
The household is a fundamental societal unit. In a huge array of contexts, our understanding of social behaviour relies on an interpretation of how decision are taken at the household level.This work aims to model individual decision-making and interactions between individuals explicitly within the framework of agent-based modelling, following the work of Potts (2000). Potts describes how economic problems can better be dealt with by considering how agents with incomplete, evolving preferences in the form of decision rules interact on a network, and how they cooperate and form ties to produce combinatorial technologies. Following the work of Gary Becker, he then considers how this ostensibly economic framework might hypothetically describe partnership search and household formation and dissolution.
Algorithms and computational methods: Agents