Emergence of heterogeneity in an agent-based model

Authored by WATW Abdullah

Date Published: 2003-06-01

DOI: 10.1016/s0378-4371(02)01887-3

Sponsors: No sponsors listed

Platforms: No platforms listed

Model Documentation: Other Narrative Mathematical description

Model Code URLs: Model code not found

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. (C) 2002 Elsevier Science B.V. All rights reserved.

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