INNOVATION AND SELF-ORGANIZATION IN A MULTI-AGENT MODEL-Reference-Cited by-同舟云学术

INNOVATION AND SELF-ORGANIZATION IN A MULTI-AGENT MODEL

Published:2009-04 Issue:02 Volume:12 Page:233-253
ISSN:0219-5259
Container-title:Advances in Complex Systems
language:en
Short-container-title:Advs. Complex Syst.

Author:

ARAÚJO TANYA¹,MENDES R. VILELA²

Affiliation:

1. ISEG, Universidade Técnica de Lisboa (TULisbon) and Research Unit on Complexity in Economics (UECE), Portugal

2. CMAF, Complexo Interdisciplinar UL and IPFN, Instituto Superior Técnico, Portugal

Abstract

A model is developed to study the effectiveness of innovation and its impact on structure creation on agent-based societies. The abstract model that is developed is easily adapted to any particular field. In an interacting environment, the agents receive something from the environment (the other agents) in exchange for their effort and pay the environment a certain amount of value for the fulfilling of their needs or for the very price of existence in that environment. This is coded by two bit strings and the dynamics of the exchange is based on the matching of these strings to those of the other agents. Innovation is related to the adaptation by the agents of their bit strings to improve some utility function.

Publisher

World Scientific Pub Co Pte Lt

Subject

Control and Systems Engineering

Link

https://www.worldscientific.com/doi/pdf/10.1142/S0219525909002180

Reference31 articles.

1. ECONOMICS AND COMPLEXITY

2. Agent-based computational finance: Suggested readings and early research

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