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Emergent Phenomena in Housing Markets pp 43–83Cite as

Modeling Housing Market Dynamics Using a Multi-agent Simulation of Participants’ Cognitive Behavior

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Abstract

In this work, the housing market is modeled as an adaptive complex system using the multi-agent based modeling approach. By modeling the behavior of the agents who participate in the housing market, study will be made of the dynamics and evolution of housing markets in Lugano and surrounding towns, and the related segregation effects due to different ethnic compositions of neighborhoods. The paper explains the approach we have used in order to model the individual behavior of agents (buyers and sellers), as well as to handle the uncertainty and vagueness of agents’ behaviors, beliefs and decision-making by means of fuzzy type-2 systems. Using type-2 fuzzy rule based systems; we have designed and implemented individual agents with personal behavior and decision-making processes. We present some of the results obtained using the approach proposed.

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Authors and Affiliations

  1. Accademia di Architettura, Università della Svizzera Italiana, Via Canavée, Mendrisio, CH-6850, Switzerland

    Maryam Esmaeili (Student), Alberto Vancheri & Paolo Giordano

  2. University of Lugano, Lugano, Switzerland

    Maryam Esmaeili (Student), Alberto Vancheri & Paolo Giordano

Authors
  1. Maryam Esmaeili
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  2. Alberto Vancheri
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  3. Paolo Giordano
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Corresponding author

Correspondence to Maryam Esmaeili .

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Editors and Affiliations

  1. , Dpt. Architecture and Planning, Politecnico di Milano, Bonardi 3, Milano, 20133, Italy

    Lidia Diappi

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Esmaeili, M., Vancheri, A., Giordano, P. (2013). Modeling Housing Market Dynamics Using a Multi-agent Simulation of Participants’ Cognitive Behavior. In: Diappi, L. (eds) Emergent Phenomena in Housing Markets. Physica, Heidelberg. https://doi.org/10.1007/978-3-7908-2864-1_3

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