Erratum: An Agent-Based Model of Heterogeneous Forest Landowner Decision-making

An agent-based model of group decision making in baboons.

We present an agent-based model of the key activities of a troop of chacma baboons (Papio hamadryas ursinus) based on the data collected at De Hoop Nature Reserve in South Africa. We analyse the predictions of the model in terms of how well it is able to duplicate the observed activity patterns of the animals and the relationship between the parameters that control the agent's decision procedur...

Agent-Based Model of Land-Use Decision Making∗

An agent-based model, incorporating a small set of primarily agent-based variables, was designed to explain land-use decision making. Agents are land-owners, who allocate their labour and land for different uses in regular time intervals. The goal is to understand what kind of spatial patterns emerge from different agent characteristics, and decision and learning mechanisms. Landscapes produced...

An AHP-Delphi Multi-Criteria Decision Making Model with Application to Environmental Decision-Making

Decision making in forest management with consideration of stochastic prices

  The optimal harvesting policy is calculated as a function of the entering stock, the price state, the harvesting cost, and the rate of interest in the capital market. In order to determine the optimal harvest schedule, the growth function and stumpage price process are estimated for the Swedish mixed species forests. The stumpage price is assumed to follow a stochastic Markov process. A stoch...

An Adaptive Agent Model for Affective Social Decision Making

Decision making under stressful circumstances may involve strong emotions and requires adequate prediction and valuation capabilities. In a social context contagion from others plays an important role as well. Moreover, agents adapt their decision making based on their experiences over time. Knowledge of principles from Neuroscience provides an important source of inspiration to model such proc...