The Details

The AI Economist is a machine learning framework for economic design from Salesforce Research. It uses two-level multi-agent reinforcement learning (MARL) to train a “social planner” that sets taxes and subsidies in a simulated market economy that contains independently learning AI agents. The AI Economist will also be available as an open-source tool for developers and economists alike to help the models evolve and progress.

The Results

The results have been promising. In simulations The AI Economist achieves a 16% gain compared to the next best model, the Saez model. It also improves equality by 47% compared to the free-market at only an 11% decrease in productivity.

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