Cash reportedly goes unspent in AI-run town simulation
A post summarizing the study says a 12-fold tourist shock raised business revenue 4.62-fold, while wages moved 1.03-fold and only 0.3% of 3,981 menu items were ever repriced.
TLDR
A post describes a paper that put 100 large language model agents in charge of a town economy for 26 simulated weeks, using Pokhara Lakeside geography across 91 runs and 2.44 million decisions. According to the summary, 96.7% of a cash transfer remained unspent 311 steps later. Changing the underlying model changed every measured outcome, while deleting the agents’ memory changed none detectably. The summary also highlights why simulation length mattered: wealth rankings looked frozen at two weeks and only started moving by week 12.
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