Which Type of Intelligent Agent Models the Behavior of Consumers,stock

question 63

Multiple Choice

Which type of intelligent agent models the behavior of consumers,stock markets,and more,by seeing them as autonomous agents that follow relatively simple rules for interaction?

• A)Agent-based modeling
• B)MOOC
• C)AR
• D)VRML
• E)Genetic algorithm

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Definitions:

Equilibrium Value

The stable value at which supply equals demand for a particular good, service, or financial instrument, leading to a balanced market condition.

Marginal Product

The additional output that results from using one more unit of a particular input, while holding other inputs constant.

Average Product

The output produced per unit of input, calculated by dividing total output by the number of units of a specific input.

Marginal Product

The boost in output stemming from an increment in input by one unit.