Managing Catastrophic Changes in a Collective

David Lamper (), Paul Jefferies (), Michael Hart () and Neil F. Johnson ()
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David Lamper: Oxford University
Paul Jefferies: Oxford University
Michael Hart: Oxford University
Neil F. Johnson: Oxford University

Chapter 6 in Collectives and the Design of Complex Systems, 2004, pp 161-183 from Springer

Abstract: Summary We address the important practical issue of understanding, predicting, and eventually controlling catastrophic endogenous changes in a collective. Such large internal changes arise as macroscopic manifestations of the microscopic dynamics, and their presence can be regarded as one of the defining features of an evolving complex system. We consider the specific case of a multiagent system related to the El Farol Bar model and show explicitly how the information concerning such large macroscopic changes becomes encoded in the microscopic dynamics. Our findings suggest that these large endogenous changes can be avoided either by pre-design of the collective machinery itself or in the postdesign stage via continual monitoring and occasional “vaccinations.”

Keywords: Large Change; Multiagent System; Active Strategy; Excess Demand; Complex Adaptive System (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-1-4419-8909-3_6

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DOI: 10.1007/978-1-4419-8909-3_6

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