Statements (19)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Economic Concept
|
| gptkbp:alternativeTo |
gptkb:Agent-Based_Modeling
|
| gptkbp:assumes |
Homogeneity among agents
|
| gptkbp:contrastsWith |
Heterogeneous Agent
|
| gptkbp:criticizedFor |
Alan Kirman
Oversimplification of economic diversity |
| gptkbp:describes |
A single agent whose behavior represents the aggregate behavior of all agents in a model
|
| https://www.w3.org/2000/01/rdf-schema#label |
Representative Agent
|
| gptkbp:popularizedBy |
gptkb:Robert_Lucas
|
| gptkbp:relatedTo |
gptkb:Rational_Expectations
Aggregate Demand Aggregate Supply |
| gptkbp:usedFor |
Simplifying economic modeling
|
| gptkbp:usedIn |
gptkb:Microeconomics
gptkb:Macroeconomics gptkb:Dynamic_Stochastic_General_Equilibrium_Models Computational Economics |
| gptkbp:bfsParent |
gptkb:Heterogeneous_Agents
|
| gptkbp:bfsLayer |
7
|