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Structure-generating mechanisms in agent-based models

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  • Mendes, R.Vilela

Abstract

The emergence of dynamical structures in multi-agent systems is analysed. Three different mechanisms are identified, namely: (1) sensitive-dependence (in the agent dynamics) and convex coupling, (2) sensitive-dependence and extremal dynamics and (3) interaction through a collectively generated field. The dynamical origin of the emergent structures is traced back either to a modification, by interaction, of the Lyapunov spectrum or to multistable dynamics.

Suggested Citation

  • Mendes, R.Vilela, 2001. "Structure-generating mechanisms in agent-based models," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 295(3), pages 537-561.
    • Handle: RePEc:eee:phsmap:v:295:y:2001:i:3:p:537-561
    DOI: 10.1016/S0378-4371(01)00117-0
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    References listed on IDEAS

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    Cited by:

    1. J. Silvestre, & T. Araújo & M. St. Aubyn, 2016. "Economic growth and individual satisfaction in an agent-based economy," Working Papers Department of Economics 2016/19, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    2. João Silvestre & Tanya Araújo & Miguel St. Aubyn, 2019. "Individual Satisfaction and Economic Growth in an Agent-Based Economy," Computational Economics, Springer;Society for Computational Economics, vol. 54(3), pages 893-903, October.
    3. Tanya Araujo & Francisco Louca, 2007. "The geometry of crashes. A measure of the dynamics of stock market crises," Quantitative Finance, Taylor & Francis Journals, vol. 7(1), pages 63-74.
    4. Tanya Ara'ujo & Francisco Louc{c}~a, 2005. "The Geometry of Crashes - A Measure of the Dynamics of Stock Market Crises," Papers physics/0506137, arXiv.org, revised Jul 2005.

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