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Evolving Specialization, Market and Productivity in an Agent-Based Cooperation Model

  • Erbo Zhao
  • Guo Liu
  • Dan Luo
  • Xing’ang Xia
  • Zhangang Han
Conference paper
Part of the Lecture Notes of the Institute for Computer Sciences, Social Informatics and Telecommunications Engineering book series (LNICST, volume 5)

Abstract

This paper introduces an agent-based model in which self-interest intelligent agents are adaptive. Agents can either go to find resources in the environment or mine the resources found. Agents trade information about resources in a market. A biased learning mechanism is introduced to update agents’ capabilities of mining and searching. The learning mechanism plays a vital role in the specialization process in our model. Expectation is also introduced in this paper to determine the trade price. Simulations show that agents can specialize in available capabilities, form market and cooperate to increase their wealth. These emergencies come out through just pre-defining some learning and pricing mechanisms that are not so complex but close to reality. Total productivity and market formation are tracked during the evolving process. The wealth distribution during whole evolving process also demonstrates an interesting power law distribution.

Keywords

Agent-based model individual reinforcement learning power law specialization market forming expected productivity 

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Copyright information

© ICST Institute for Computer Science, Social Informatics and Telecommunications Engineering 2009

Authors and Affiliations

  • Erbo Zhao
    • 1
  • Guo Liu
    • 1
  • Dan Luo
    • 1
  • Xing’ang Xia
    • 1
  • Zhangang Han
    • 1
  1. 1.Department of Systems Science, School of ManagementBeijing Normal UniversityBeijingPeople’s Republic of China

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