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Of Ants and Voters. Maximum Entropy Prediction of Agent-Based Models with Recruitment

Author

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  • Sylvain Barde

Abstract

Maximum entropy predictions are made for the Kirman ant model as well as the Abrams-Strogatz model of language competition, also known as the voter model. In both cases the maximum entropy methodology provides good predictions of the limiting distribution of states, as was already the case for the Schelling model of segregation. As an additional contribution, the analysis of the models reveals the key role played by relative entropy and the model in controlling the time horizon of the prediction.

Suggested Citation

  • Sylvain Barde, 2012. "Of Ants and Voters. Maximum Entropy Prediction of Agent-Based Models with Recruitment," Revue de l'OFCE, Presses de Sciences-Po, vol. 0(5), pages 147-175.
    • Handle: RePEc:cai:reofsp:reof_124_0147
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    Cited by:

    1. Chiarella Carl & Di Guilmi Corrado, 2015. "The limit distribution of evolving strategies in financial markets," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 19(2), pages 137-159, April.
    2. Sylvain Barde, 2012. "Back to the future: economic rationality and maximum entropy prediction," Studies in Economics 1202, School of Economics, University of Kent.
    3. Jean-Luc Gaffard & Mauro Napoletano, 2012. "Introduction - Improving the Toolbox: New Advances in Agent-Based and Computational Models," Post-Print hal-01053562, HAL.
    4. repec:hal:spmain:info:hdl:2441/53r60a8s3kup1vc9l564k4686 is not listed on IDEAS
    5. repec:spo:wpmain:info:hdl:2441/53r60a8s3kup1vc9l564k4686 is not listed on IDEAS

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