mlsanityData to 14 Oct 2026

EconGym: A Scalable AI Testbed with Diverse Economic Tasks

arXiv 2506.12110 ↗First posted 13 Jun 2025econ.GN cs.AI q-fin.ECcited by 2

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Abstract (arXiv)

Artificial intelligence (AI) has become a powerful tool for economic research, enabling large-scale simulation and policy optimization. However, applying AI effectively requires simulation platforms for scalable training and evaluation-yet existing environments remain limited to simplified, narrowly scoped tasks, falling short of capturing complex economic challenges such as demographic shifts, multi-government coordination, and large-scale agent interactions. To address this gap, we introduce EconGym, a scalable and modular testbed that connects diverse economic tasks with AI algorithms. Grounded in rigorous economic modeling, EconGym implements 11 heterogeneous role types (e.g., households, firms, banks, governments), their interaction mechanisms, and agent models with well-defined observations, actions, and rewards. Users can flexibly compose economic roles with diverse agent algorithms to simulate rich multi-agent trajectories across 25+ economic tasks for AI-driven policy learning and analysis. Experiments show that EconGym supports diverse and cross-domain tasks-such as coordinating fiscal, pension, and monetary policies-and enables benchmarking across AI, economic methods, and hybrids. Results indicate that richer task composition and algorithm diversity expand the policy space, while AI agents guided by classical economic methods perform best in complex settings. EconGym also scales to 10k agents with high realism and efficiency.

Key facts. Cited by 2 papers in the map (data through 14 Oct 2026). Builds on 18 of its 52 references that are in the map. First posted on arXiv 13 Jun 2025.

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18 of 52 references.

References · 18

  1. 2023Generative Agents: Interactive Simulacra of Human Behaviorcited by 3,568
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6 more
  1. 2023TaxAI: A Dynamic Economic Simulator and Benchmark for Multi-Agent Reinforcement Learningcited by 8
  2. 2024Simulating the Economic Impact of Rationality through Reinforcement Learning and Agent-Based Modellingcited by 5
  3. 2021An Economy of Neural Networks: Learning from Heterogeneous Experiencescited by 4
  4. 2021AI-driven Prices for Externalities and Sustainability in Production Marketscited by 3
  5. 2021Can an AI agent hit a moving target?cited by 3
  6. 2024EconoJax: A Fast & Scalable Economic Simulation in Jaxcited by 1

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Citing papers per year: 2025: 1; 2026: 1.

2 papers.