This study presents a new model of search on a rugged landscape, which employs modeling techniques from fractal geometry rather than the now-familiar NK modeling technique. In our simulations, firms search locally in a two-dimensional fitness landscape, choosing moves in a way that responds both...

This study presents a new model of search on a “rugged landscape,” which employs modeling techniques from fractal geometry rather than the now-familiar NK modeling technique. In our simulations,firms search locally in a two-dimensional fitness landscape, choosing moves in a way that responds...