Arthur DeVany (Department of Economics and Institute for Mathematical Behavioral Sciences, UCI.)
Abstract
This is a study of emergent economic order---order that is the result of human action but not human design. I study a coordination game in which locally connected agents act without deliberation. Their locally optimal actions propagate through neighbors to others, and coalitions form adaptively. I map the game onto a hypercube and develop a connectionist model of it. Simulation results show that the process is self-organizing and evolves to optimal or near-optimal equilibria; the agent network computes the core of the game. Its equilibria are path-dependent and the dynamic may become trapped on local optima; broken symmetry and noise promote evolution to global optima. Primary field (17), self-organization and emergent behavior;
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Publisher Info
Paper provided by University of California at Los Angeles, Center for Computable Economics in its series Working Papers with number
_018.