An agent-based model that relates investment in education to economic prosperity

  • Authors:
  • Yuqing Tang;Simon Parsons;Elizabeth Sklar

  • Affiliations:
  • City University of New York, New York, NY;City University of New York, Brooklyn, NY;City University of New York, Brooklyn, NY

  • Venue:
  • Proceedings of the 6th international joint conference on Autonomous agents and multiagent systems
  • Year:
  • 2007

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Abstract

We describe work on an agent-based model that captures the relationship between the investment that a society makes in education and the outcome in terms of the health of the society's economy. In this work we created an agent-based version of an equation-based model from the economics literature, and explored various settings for parameters that control the behaviors of the agents and their environment.