Emergence of heterogeneity in an agent-based model

Details Emergence of heterogeneity in an agent-based model Emergence of heterogeneity in an agent-based model

2002-10-31

arxiv.org/abs/cond-mat/0210689v1

Physics

Condensed Matter

7 pages, pdf, contribution to International conference on Econophysics, Bali 2002, to appear in proceedings in Physica A

Scientific paper

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.

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