DECISION MAKING IN AGENT-BASED VIRTUAL ECONOMIC MODEL

Decision making is essential part of every economic system and especially in the field of agent-based economic models, their design is crucial for the system's functioning and overall performance. hi this context is expected that decision making will be done autonomously, will be computationally effective, and rational (from the perspective of decision maker, i.e. agent). Mistakes made at this stage of economic model's development are potentially worst. This paper introduces various types of agents in our economic model and describes their respective decision-making procedures and algorithms. The model serves as a virtual lab for research and experimentation on communities of larger scale involving thousands of agents interacting at the same time. This scale allows modeling of the geographic regions and all stages of supply chains.