Control of the socio-economic systems using herding interactions

Authored by Aleksejus Kononovicius, V. Gontis

Date Published: 2014-07-01

DOI: 10.1016/j.physa.2014.03.003

Sponsors: No sponsors listed

Platforms: No platforms listed

Model Documentation: Other Narrative Mathematical description

Model Code URLs: Model code not found

Abstract

Collective behavior of the complex socio-economic systems is heavily influenced by the herding, group, behavior of individuals. The importance of the herding behavior may enable the control of the collective behavior of the individuals. In this contribution we consider a simple agent-based herding model modified to include agents with controlled state. We show that in certain case even the smallest fixed number of the controlled agents might be enough to control the behavior of a very large system. (C) 2014 Elsevier B.V. All rights reserved.

Tags

Agent-based modeling Control collective behavior Socio-economic systems