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How Economists Can Get Alife

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  • Tesfatsion, Leigh

Abstract

This paper presents a summary overview of the fast-developing field of "artificial life," stressing aspects that seem especially relevant for the study of decentralized market economies. In particular, recent artificial life work combining evolutionary game theory with preferential partner selection is described in some detail. This work is currently being applied to the endogenous formation and evolution of trade networks.

Suggested Citation

  • Tesfatsion, Leigh, 1995. "How Economists Can Get Alife," Economic Reports 18196, Iowa State University, Department of Economics.
  • Handle: RePEc:ags:iowaer:18196
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    References listed on IDEAS

    as
    1. Leigh TESFATSION, 1995. "A Trade Network Game With Endogenous Partner Selection," Economic Report 36, Iowa State University Department of Economics.
    2. Holland, John H & Miller, John H, 1991. "Artificial Adaptive Agents in Economic Theory," American Economic Review, American Economic Association, vol. 81(2), pages 365-371, May.
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    7. Arthur, W Brian, 1993. "On Designing Economic Agents That Behave Like Human Agents," Journal of Evolutionary Economics, Springer, vol. 3(1), pages 1-22, February.
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    12. Dan Ashlock & Mark D. Smucker & E. Ann Stanley & Leigh Tesfatsion, 1995. "Preferential Partner Selection in an Evolutionary Study of Prisoner's Dilemma," Game Theory and Information 9501002, University Library of Munich, Germany, revised 20 Jan 1995.
    13. Arifovic, Jasmina, 1994. "Genetic algorithm learning and the cobweb model," Journal of Economic Dynamics and Control, Elsevier, vol. 18(1), pages 3-28, January.
    14. Ulrich Witt, 2006. "Evolutionary Economics," Papers on Economics and Evolution 2006-05, Philipps University Marburg, Department of Geography.
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    17. Tesfatsion, Leigh, 1995. "How to Get Alife," Staff General Research Papers Archive 10546, Iowa State University, Department of Economics.
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    Keywords

    Institutional and Behavioral Economics;

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • C6 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling
    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory

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