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Innovation And Self-Organization In A Multi-Agent Model

Author

Listed:
  • TANYA ARAÚJO

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

  • R. VILELA MENDES

    (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.

Suggested Citation

  • Tanya Araújo & R. Vilela Mendes, 2009. "Innovation And Self-Organization In A Multi-Agent Model," Advances in Complex Systems (ACS), World Scientific Publishing Co. Pte. Ltd., vol. 12(02), pages 233-253.
    • Handle: RePEc:wsi:acsxxx:v:12:y:2009:i:02:n:s0219525909002180
    DOI: 10.1142/S0219525909002180
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    References listed on IDEAS

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    1. Leigh Tesfatsion & Kenneth L. Judd (ed.), 2006. "Handbook of Computational Economics," Handbook of Computational Economics, Elsevier, edition 1, volume 2, number 2.
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    Cited by:

    1. Matthew Oldham, 2018. "How fast to run in the Red Queen race?," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 25(1), pages 28-43, January.

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