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Modeling one human decision maker with a multi-agent system: the CODAGE approach

Published: 08 May 2006 Publication History

Abstract

In this paper, we propose an agent-based model of human decision making: CODAGE (Cognitive Decision AGEnt). Classical Decision Theories have been widely used in multi-agent systems, but imply a too rational behavior when faced with real-world human data. Moreover, classical model usually exceeds human capabilities. Therefore, we derived our decision model from several cognitive psychological theories (e.g. Simon's decision theory, Montgomery's search of dominance structure, etc.) to take human bounded rationality into account. While most of existing cognitive agents use the BDI framework, we propose a new kind of architecture. In the CODAGE model, the decision maker is modeled by an entire multi-agent system, where each agent is in charge a particular sub-process of the whole decision. The architecture is intended to be as generic as possible. It could be viewed as an agent-based decision framework, in which different decision heuristics and biases could be implemented. We illustrate this approach with a simulation of a small experimental financial market, for which our model was able to replicate some human decision behaviors.

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cover image ACM Conferences
AAMAS '06: Proceedings of the fifth international joint conference on Autonomous agents and multiagent systems
May 2006
1631 pages
ISBN:1595933034
DOI:10.1145/1160633
Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than ACM must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected]

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Published: 08 May 2006

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Author Tags

  1. bounded rationality
  2. cognitive modeling
  3. decision making

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