Dynamics of a Public Investment Game: from Nearest-Neighbor Lattices to Small-World Networks
Roberto Silva (),
Alexandre T. Baraviera (),
Silvio R. Dahmen () and
Ana L. C. Bazzan ()
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Roberto Silva: UFRGS
Alexandre T. Baraviera: UFRGS
Silvio R. Dahmen: UFRGS
Ana L. C. Bazzan: UFRGS
Chapter 16 in Advances in Artificial Economics, 2006, pp 221-233 from Springer
Abstract:
Abstract In this work we analyze the time evolution of the wealth of a group of agents in a public-investment-game scenario. These are part of a small-world network, where connections depend on a probability p and investment depends on a binary variable σ (motivation). This variable tries to emulate one’s perception of other players’ actions. We study the effect of the connectivity on the wealth of the group as well as the dynamics when idyosincratic types are introduced in the game.
Keywords: Phase Diagram; Complete Graph; Oscillatory Behavior; Small World; Motivation Level (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnechp:978-3-540-37249-3_16
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DOI: 10.1007/3-540-37249-0_16
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