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 :
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