Game Theoretic Analysis of the Feedback Loop Caused by Widely Available Computer Estimation on Market Values
Public availability of computer generated predictions can change the markets and its impact is here investigated with a game theoretic approach. Real estate inflation is not a new phenomenon but its consistent and almost monotonous persistence over unusually many years, coinciding with new prominenc...
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| Format: | Article |
| Language: | English |
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LibraryPress@UF
2024-05-01
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| Series: | Proceedings of the International Florida Artificial Intelligence Research Society Conference |
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| Online Access: | https://journals.flvc.org/FLAIRS/article/view/135528 |
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| author | Viorel Silaghi Zobaida Alssadi Ben Mathew Majed Alotaibi Ali Alqarni Marius Silaghi |
| author_facet | Viorel Silaghi Zobaida Alssadi Ben Mathew Majed Alotaibi Ali Alqarni Marius Silaghi |
| author_sort | Viorel Silaghi |
| collection | DOAJ |
| description | Public availability of computer generated predictions can change the markets and its impact is here investigated with a game theoretic approach.
Real estate inflation is not a new phenomenon but its consistent and almost monotonous persistence over unusually many years, coinciding with new prominence of public estimation information from successful Mass Real Estate Estimators (\MREE{}) already caused various independent research organizations to investigate potential links.
What we model is a repetitive theoretical game between the MREEs and the home owners, where each player has secret information and expertise.
In contrast to competing results, for our model and simulations a restriction of MREE-style price estimation availability to opt-in properties may help partially reduce an inflationary pressure. |
| format | Article |
| id | doaj-art-9bed942842e44cfc82e88fe55b341878 |
| institution | DOAJ |
| issn | 2334-0754 2334-0762 |
| language | English |
| publishDate | 2024-05-01 |
| publisher | LibraryPress@UF |
| record_format | Article |
| series | Proceedings of the International Florida Artificial Intelligence Research Society Conference |
| spelling | doaj-art-9bed942842e44cfc82e88fe55b3418782025-08-20T03:07:10ZengLibraryPress@UFProceedings of the International Florida Artificial Intelligence Research Society Conference2334-07542334-07622024-05-013710.32473/flairs.37.1.13552871907Game Theoretic Analysis of the Feedback Loop Caused by Widely Available Computer Estimation on Market ValuesViorel Silaghi0Zobaida Alssadi1Ben Mathew2Majed Alotaibi3Ali Alqarni4Marius Silaghi5Florida Institute of TechnologyFlorida Institute of TechnologyFlorida Institute of TechnologyFlorida Institute of TechnologyFlorida Institute of TechnologyFlorida Institute of TechnologyPublic availability of computer generated predictions can change the markets and its impact is here investigated with a game theoretic approach. Real estate inflation is not a new phenomenon but its consistent and almost monotonous persistence over unusually many years, coinciding with new prominence of public estimation information from successful Mass Real Estate Estimators (\MREE{}) already caused various independent research organizations to investigate potential links. What we model is a repetitive theoretical game between the MREEs and the home owners, where each player has secret information and expertise. In contrast to competing results, for our model and simulations a restriction of MREE-style price estimation availability to opt-in properties may help partially reduce an inflationary pressure.https://journals.flvc.org/FLAIRS/article/view/135528game theoryagent-based modelprediction |
| spellingShingle | Viorel Silaghi Zobaida Alssadi Ben Mathew Majed Alotaibi Ali Alqarni Marius Silaghi Game Theoretic Analysis of the Feedback Loop Caused by Widely Available Computer Estimation on Market Values Proceedings of the International Florida Artificial Intelligence Research Society Conference game theory agent-based model prediction |
| title | Game Theoretic Analysis of the Feedback Loop Caused by Widely Available Computer Estimation on Market Values |
| title_full | Game Theoretic Analysis of the Feedback Loop Caused by Widely Available Computer Estimation on Market Values |
| title_fullStr | Game Theoretic Analysis of the Feedback Loop Caused by Widely Available Computer Estimation on Market Values |
| title_full_unstemmed | Game Theoretic Analysis of the Feedback Loop Caused by Widely Available Computer Estimation on Market Values |
| title_short | Game Theoretic Analysis of the Feedback Loop Caused by Widely Available Computer Estimation on Market Values |
| title_sort | game theoretic analysis of the feedback loop caused by widely available computer estimation on market values |
| topic | game theory agent-based model prediction |
| url | https://journals.flvc.org/FLAIRS/article/view/135528 |
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