DocumentCode
1990534
Title
Self-organization exhibited by a stochastic agent-based model of firms seeking higher desirability in business expressed by the market potential
Author
Tabata, Minoru ; Ide, Akira ; Eshima, Nobuoki ; Takagi, Ichiro ; Takei, Yasuhiro
Author_Institution
Dept. of Appl. Math., Kobe Univ., Japan
fYear
2001
fDate
2001
Firstpage
4
Lastpage
8
Abstract
We consider an agent-based model consisting of a finite number of firms that move stochastically within a discrete bounded domain in order to obtain higher business profits. The desirability in business is expressed by a certain exogenous random variable and a linear integral operator called market potential. If the number of firms is extremely large and the domain is very wide, then it is almost impossible to fully investigate the model by only doing numerical simulations. In order to overcome the difficulty, we employ a deterministic continuous model that is derived from the stochastic agent-based model by taking the scaling limit. By making use of the continuous model thus derived, we can fully observe self-organization exhibited by the original agent-based model
Keywords
economic cybernetics; self-adjusting systems; software agents; agent-based model; business profits; deterministic continuous model; discrete bounded domain; market potential; self-organization; stochastic agent-based model; Biomedical engineering; Engineering management; Information analysis; Information science; Mathematical model; Mathematics; Numerical simulation; Random variables; Stochastic processes;
fLanguage
English
Publisher
ieee
Conference_Titel
Computational Intelligence and Multimedia Applications, 2001. ICCIMA 2001. Proceedings. Fourth International Conference on
Conference_Location
Yokusika City
Print_ISBN
0-7695-1312-3
Type
conf
DOI
10.1109/ICCIMA.2001.970432
Filename
970432
Link To Document