Corpus ID: 235125753

Learning to make consumption-saving decisions in a changing environment: an AI approach

@inproceedings{Shi2021LearningTM,
  title={Learning to make consumption-saving decisions in a changing environment: an AI approach},
  author={Rui Shi},
  year={2021}
}
This exercise offers an innovative learning mechanism to model economic agent’s decision-making process using a deep reinforcement learning algorithm. In particular, this AI agent has limited or no information on the underlying economic structure and its own preference. I model how the AI agent learns in terms of how it collects and processes information. It is able to learn in real time through constantly interacting with the environment and adjusting its actions accordingly. I illustrate that… Expand

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