The AI Economist: Taxation policy design via two-level deep multiagent reinforcement learning.

ABSTRACT: Artificial intelligence (AI) and reinforcement learning (RL) have improved many areas but are not yet widely adopted in economic policy design, mechanism design, or economics at large. The AI Economist is a two-level, deep RL framework for policy design in which agents and a social planner coadapt. In particular, the AI Economist uses structured curriculum learning to stabilize the challenging two-level, coadaptive learning problem. We validate this framework in the domain of taxation. In one-step economies, the AI Economist recovers the optimal tax policy of economic theory. In spatiotemporal economies, the AI Economist substantially improves both utilitarian social welfare and the trade-off between equality and productivity over baselines. It does so despite emergent tax-gaming strategie

SUBMITTER: Zheng S 

PROVIDER: S-EPMC9067926 | biostudies-literature | 2022 May

REPOSITORIES: biostudies-literature