INNOVATION AND SELF-ORGANIZATION IN A MULTI-AGENT MODEL

Tanya Araãšjo () and Rui Vilela Mendes ()
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Tanya Araãšjo: ISEG, Universidade Técnica de Lisboa (TULisbon) and Research Unit on Complexity in Economics (UECE), Portugal

Advances in Complex Systems (ACS), 2009, vol. 12, issue 02, pages 233-253

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.

Keywords: Innovation; agent-based models; artificial societies (search for similar items in EconPapers)
Date: 2009

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