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To explore this possibility further, we now turn to the use of simulated data generated from a single modeled economicagent.
Still, it acts as a rational economicagent.
Thus, the economicagent maximizes expected utility of terminal wealth over all the possible investment strategies.
For each economicagent, there is a row that records incomes and a column that records expenditures.
Because the economicagent involved in this study is the household, it is important to work with data that reflect this composite agent's selection of monetary services.
This means that in a market equilibrium, with all goods and services tradeable, it is impossible to improve the welfare of any economicagent without impoverishing someone else.
We argue that, in addition, a model is needed of how the economicagent perceives and mentally represents the game initially, before any (strategic) reasoning begins.
The economicagent swept her up and down.
From Project Gutenberg
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