Rational Choice and Asymmetric Learning in Iterated Social Interactions – Some Lessons from Agent-Based Modeling
Faculty/Professorship: | Faculty of Social Sciences, Economics and Business Administration ; Political Theory |
Author(s): | Klein, Dominik ![]() ![]() |
Title of the compilation: | Demokratie und Entscheidung : Beiträge zur Analytischen Politischen Theorie |
Editors: | Marker, Karl; Schmitt, Annette; Sirsch, Jürgen ![]() |
Publisher Information: | Wiesbaden : Springer VS |
Year of publication: | 2019 |
Pages: | 277-294 |
ISBN: | 978-3-658-24529-0 |
Language(s): | English |
DOI: | 10.1007/978-3-658-24529-0_18 |
Abstract: | In this contribution we analyze how the actions of rational agents feed back on their beliefs. We present two agent-based computer simulations studying complex social interactions in which agents that follow utility maximizing strategies thereby deteriorate their own long-term quality of beliefs. We take these results as a starting point to discuss the complex relationship between rational action couched in terms of maximizing utility and the emergence of informational inequalities. |
Keywords: | Rational Choice, Asymmetric Learning, agent-based simmulation, informational inequality |
Peer Reviewed: | Ja |
International Distribution: | Ja |
Type: | Contribution to an Articlecollection |
URI: | https://fis.uni-bamberg.de/handle/uniba/45910 |
Year of publication: | 22. July 2019 |

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University of Bamberg