• 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