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Innovation And Self-Organization In A Multi-Agent Model

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Author Info

  • 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.

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Bibliographic Info

Article provided by World Scientific Publishing Co. Pte. Ltd. in its journal Advances in Complex Systems.

Volume (Year): 12 (2009)
Issue (Month): 02 ()
Pages: 233-253

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Handle: RePEc:wsi:acsxxx:v:12:y:2009:i:02:p:233-253

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Related research

Keywords: Innovation; agent-based models; artificial societies;

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Cited by:
  1. João Bernardino & Tanya Araújo, 2010. "On Positional Consumption and Technological Innovation- an Agent-based Approach," Working Papers Department of Economics 2010/04, ISEG - School of Economics and Management, Department of Economics, University of Lisbon.

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