SRAP-Agent: Simulating and Optimizing Scarce Resource Allocation Policy with LLM-based Agent
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arXiv
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| Autori principali: | , , , , , , , |
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| Natura: | Preprint |
| Pubblicazione: |
2024
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| _version_ | 1866916444603678720 |
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| author | Ji, Jiarui Li, Yang Liu, Hongtao Du, Zhicheng Wei, Zhewei Shen, Weiran Qi, Qi Lin, Yankai |
| author_facet | Ji, Jiarui Li, Yang Liu, Hongtao Du, Zhicheng Wei, Zhewei Shen, Weiran Qi, Qi Lin, Yankai |
| contents | Public scarce resource allocation plays a crucial role in economics as it directly influences the efficiency and equity in society. Traditional studies including theoretical model-based, empirical study-based and simulation-based methods encounter limitations due to the idealized assumption of complete information and individual rationality, as well as constraints posed by limited available data. In this work, we propose an innovative framework, SRAP-Agent (Simulating and Optimizing Scarce Resource Allocation Policy with LLM-based Agent), which integrates Large Language Models (LLMs) into economic simulations, aiming to bridge the gap between theoretical models and real-world dynamics. Using public housing allocation scenarios as a case study, we conduct extensive policy simulation experiments to verify the feasibility and effectiveness of the SRAP-Agent and employ the Policy Optimization Algorithm with certain optimization objectives. The source code can be found in https://github.com/jijiarui-cather/SRAPAgent_Framework |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2410_14152 |
| institution | arXiv |
| publishDate | 2024 |
| record_format | arxiv |
| spellingShingle | SRAP-Agent: Simulating and Optimizing Scarce Resource Allocation Policy with LLM-based Agent Ji, Jiarui Li, Yang Liu, Hongtao Du, Zhicheng Wei, Zhewei Shen, Weiran Qi, Qi Lin, Yankai Computation and Language Public scarce resource allocation plays a crucial role in economics as it directly influences the efficiency and equity in society. Traditional studies including theoretical model-based, empirical study-based and simulation-based methods encounter limitations due to the idealized assumption of complete information and individual rationality, as well as constraints posed by limited available data. In this work, we propose an innovative framework, SRAP-Agent (Simulating and Optimizing Scarce Resource Allocation Policy with LLM-based Agent), which integrates Large Language Models (LLMs) into economic simulations, aiming to bridge the gap between theoretical models and real-world dynamics. Using public housing allocation scenarios as a case study, we conduct extensive policy simulation experiments to verify the feasibility and effectiveness of the SRAP-Agent and employ the Policy Optimization Algorithm with certain optimization objectives. The source code can be found in https://github.com/jijiarui-cather/SRAPAgent_Framework |
| title | SRAP-Agent: Simulating and Optimizing Scarce Resource Allocation Policy with LLM-based Agent |
| topic | Computation and Language |
| url | https://arxiv.org/abs/2410.14152 |