Economy – Quantitative Finance – General Finance
Scientific paper
2007-09-17
Advances in Complex Systems 12 (2009) 233-253
Economy
Quantitative Finance
General Finance
20 pages, 12 figures
Scientific paper
A model is developed to study the effectiveness of innovation and its impact on structure creation and structure change on agent-based societies. The abstract model that is developed is easily adapted to any particular field. In any interacting environment, the agents receive something from the environment (the other agents) in exchange for their effort and pay the environment a certain amount of value for the fulfilling of their needs or for the very price of existence in that environment. This is coded by two bit strings and the dynamics of the exchange is based on the matching of these strings to those of the other agents. Innovation is related to the adaptation by the agents of their bit strings to improve some utility function.
Araújo Tanya
Mendes Rui Vilela
No associations
LandOfFree
Innovation Success and Structural Change: An Abstract Agent Based Study does not yet have a rating. At this time, there are no reviews or comments for this scientific paper.
If you have personal experience with Innovation Success and Structural Change: An Abstract Agent Based Study, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Innovation Success and Structural Change: An Abstract Agent Based Study will most certainly appreciate the feedback.
Profile ID: LFWR-SCP-O-379232