Emergence of heterogeneity in an agent-based model

Wan Ahmad Tajuddin Wan Abdullah

Physica A: Statistical Mechanics and its Applications, 2003, vol. 324, issue 1, 311-316

Abstract: We study an interacting agent model of a game-theoretical economy. The agents play a minority-subsequently-majority game and they learn, using backpropagation networks, to obtain higher payoffs. We study the relevance of heterogeneity to performance, and how heterogeneity emerges.

Date: 2003
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:324:y:2003:i:1:p:311-316

DOI: 10.1016/S0378-4371(02)01887-3

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