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The organization of information processing resources is a central question in economic, organizational, and computational theory. Recent work by Radner (1992) and others has developed a simple theoretical framework and some useful formal mathematical results about the behavior of such systems....
Persistent link: https://www.econbiz.de/10005793582
Simulation models are becoming increasingly common in the analysis of critical scientific, policy, and management issues.Such models provide a way to analyze complex systems characterized by both large parameter spaces and nonlinear interactions. Unfortunately, these same characteristics make...
Persistent link: https://www.econbiz.de/10005793583
A model of learning and adaptation is used to analyze the coevolution of strategies in the repeated Prisoner's Dilemma game under both perfect and imperfect reporting. Meta-players submit finite automata strategies and update their choices through an explicit evolutionary process modeled by a...
Persistent link: https://www.econbiz.de/10005793584
We explore the dynamics of a model of two-party competition under spatial voting. The parties are allowed to incrementally adapt their platforms by following the voting gradient imposed by the preferences of the electorate and platform of the opposition. The emphasis in this model is on the...
Persistent link: https://www.econbiz.de/10005742312
Persistent link: https://www.econbiz.de/10003331128
In this chapter, we assess recent contributions of computational models to the study of politics. We focus primarily on agent-based models developed by economists and political scientists. These models address collective action problems, questions related to institutional design and performance,...
Persistent link: https://www.econbiz.de/10005355299
In this chapter, we assess recent contributions of computational models to the study of politics. We focus primarily on agent-based models developed by economists and political scientists. These models address collective action problems, questions related to institutional design and performance,...
Persistent link: https://www.econbiz.de/10014024376
Persistent link: https://www.econbiz.de/10003786914
The book provides the first comprehensive, and accessible account of complex adaptive social systems, by two of the field's leading authorities. Such systems - whether political partiers, stock markets, or ant colonies - present some of the most intrifuing theoretical and practical challenges...
Persistent link: https://www.econbiz.de/10003423368
Persistent link: https://www.econbiz.de/10008074647