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The complex evolution of a simple traffic convention: the functions and implications of habit

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  • Hodgson, Geoffrey M.
  • Knudsen, Thorbjorn

Abstract

This chapter presents an agent-based simulation of the emergence of a traffic convention — concerning whether to drive on the left or the right of the road. The interaction between agents and structures involves causal influences in two directions, showing how agents constitute institutions and how institutions can have reconstitutive causal effects on individuals.
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  • Hodgson, Geoffrey M. & Knudsen, Thorbjorn, 2004. "The complex evolution of a simple traffic convention: the functions and implications of habit," Journal of Economic Behavior & Organization, Elsevier, vol. 54(1), pages 19-47, May.
    • Handle: RePEc:eee:jeborg:v:54:y:2004:i:1:p:19-47
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