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The Creation and Diffusion of Knowledge - an Agent Based Modelling Approach

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  • Emmanuel P. de Albuquerque

Abstract

In this paper I propose a novel abstract mechanism for the creation and diffusion of knowledge and use an agent based modelling approach to explore it. The mechanism takes into account the relation between the phenomena that agents attempt to explain and the stocks of knowledge available in a society, be it individually or collectively. I find that the aggregate number of knowledge units in a society increases more slowly, the more naive its inhabitants are. I also find that the proximity between phenomena plays an important role in how often the same knowledge unit can be used. A discussion on agent based models as a means of insight into society is offered.

Suggested Citation

  • Emmanuel P. de Albuquerque, 2021. "The Creation and Diffusion of Knowledge - an Agent Based Modelling Approach," Working Papers 202113, School of Economics, University College Dublin.
    • Handle: RePEc:ucn:wpaper:202113
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    File URL: http://hdl.handle.net/10197/12227
    File Function: First version, 2021
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    References listed on IDEAS

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    1. Alan P. Kirman, 1992. "Whom or What Does the Representative Individual Represent?," Journal of Economic Perspectives, American Economic Association, vol. 6(2), pages 117-136, Spring.
    2. Michael P. Schlaile & Johannes Zeman & Matthias Mueller, 2021. "It’s a Match! Simulating Compatibility-based Learning in a Network of Networks," Economic Complexity and Evolution, in: Michael P. Schlaile (ed.), Memetics and Evolutionary Economics, chapter 0, pages 99-140, Springer.
    3. Ron Boschma, 2005. "Proximity and Innovation: A Critical Assessment," Regional Studies, Taylor & Francis Journals, vol. 39(1), pages 61-74.
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    More about this item

    Keywords

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    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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