Of Ants and Voters. Maximum Entropy Prediction of Agent-Based Models with Recruitment
AbstractMaximum 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.
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Bibliographic InfoArticle provided by Presses de Sciences-Po in its journal Revue de l'OFCE.
Volume (Year): N° 124 (2012)
Issue (Month): 5 ()
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Web page: http://www.cairn.info/revue-de-l-ofce.htm
information entropy; agent-based models; voter models;
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- Sylvain Barde, 2012. "Back to the future: economic rationality and maximum entropy prediction," Studies in Economics 1202, Department of Economics, University of Kent.
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