J. Thompson and T. Bossomaier (Australia)
Trust, Agent Based Modelling, Neuroeconomics, Wealth Management.
In this paper we demonstrate how evolutionary computa tion and agent based modelling can be employed together to simulate and evolve interactions between Wealth Man agement Advisors (WMAs) and their clients within the fin ancial planning industry. A formal description of trust for this model is defined from the literature and operationalised to study its impact on the ecology of the financial planning industry, with a detailed technical overview of the mod els environmental components, agent architecture and the genetic algorithm. Results indicate a critical transition in client trust.
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