agent economics

Definition of agent economics

1. : the measurement and management of the full cost and business value of work performed by AI agents, usually in terms of completed tasks or outcomes rather than token prices alone

   • The company evaluated agent economics by comparing the cost per resolved claim with the value of faster settlement.
   • Good agent economics must include retries, tools, infrastructure, and human review as well as model tokens.

2. : the study of AI agents as economic actors that can make choices, negotiate, trade, pay for services, or coordinate in markets

   • The experiment studied agent economics by allowing software agents to bargain over prices without human intervention.
   • Researchers used a simulated marketplace to test whether agent economics produced cooperation or collusion.