The complex evolution of a simple traffic convention: the functions and implications of habit
Authored by GM Hodgson, T Knudsen
Date Published: 2004-05
DOI: 10.1016/j.jebo.2003.04.001
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Abstract
This paper explores the evolution of a simple traffic convention concerning the side of the road on which to drive. This agent-based simulation probes some of the deeper Conceptual issues involved in the evolution of conventions, particularly the nature of rational decision-making and its possible reliance upon habit. The simulations show that the systemic convergence to a left/right convention is often improved or sustained by habit, alongside other “intelligent” and calculative attributes of agents. We show that habit formation is part of a possible mechanism of “reconstitutive downward causation” among agents where the preferences of each agent are partly malleable. (C) 2004 Elsevier B.V. All rights reserved.
Tags
Agent-based model
Evolution
Institutions
Conventions
downward causation
endogenous preferences
habits
rationality