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Economic agents are not merely reactive but have an anticipatory nature.
In classical economics all economic agents seek out their self-interest.
Transaction cost economics has proposed that economic agents be described as opportunistic where this contemplates self-interest seeking with guile.
Dr. Ozaki's academic research focuses on mathematical economics and the decision-theoretic foundation of economic agents' behavior.
Arthur, W. Brian, "On Designing Economic Agents that Behave Like Human Agents," Journal of Evolutionary Economics, 3, 1-22.
Economists tend to view rationality as the inalienable right of all economic agents.
They see themselves as economic agents who keep the city going.
Nonmarket strategy recognizes that businesses are social and political beings, not just economic agents.
His work explores economic agents whose goals are richer than those captured in traditional models.
Analysis of strategic interaction among economic agents, leading to the theory of auctions and mechanism design.
Here, I propose models that provide micro-foundations for how cooperation is decentralized by economic agents.
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