SRAP-Agent: Simulating and Optimizing Scarce Resource Allocation Policy with LLM-based Agent
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
Code (1)
Similar Papers 제목 키워드 기반
IsraParlTweet: The Israeli Parliamentary and Twitter Resource
We introduce IsraParlTweet, a new linked corpus of Hebrew-language parliamentary discussions from the Knesset (Israeli Parliament) between the years 1992-2023 and Twitter posts made by Members of the Knesset between the …
AllSim: Simulating and Benchmarking Resource Allocation Policies in Multi-User Systems
Numerous real-world systems, ranging from healthcare to energy grids, involve users competing for finite and potentially scarce resources. Designing policies for resource allocation in such real-world systems is challeng…
ALYMPICS: LLM Agents Meet Game Theory -- Exploring Strategic Decision-Making with AI Agents
This paper introduces Alympics (Olympics for Agents), a systematic simulation framework utilizing Large Language Model (LLM) agents for game theory research. Alympics creates a versatile platform for studying complex gam…
Decision MakingLanguage ModelingLanguage ModellingLarge Language ModelDynamic Inhomogeneous Quantum Resource Scheduling with Reinforcement Learning
A central challenge in quantum information science and technology is achieving real-time estimation and feedforward control of quantum systems. This challenge is compounded by the inherent inhomogeneity of quantum resour…
reinforcement-learningReinforcement LearningSchedulingFinite-Horizon Single-Pull Restless Bandits: An Efficient Index Policy For Scarce Resource Allocation
Restless multi-armed bandits (RMABs) have been highly successful in optimizing sequential resource allocation across many domains. However, in many practical settings with highly scarce resources, where each agent can on…
Multi-Armed Bandits