HOW ECONOMISTS CAN GET ALIFE
This paper presents a summary overview of the fast-developing field of "artificial life," stressing aspects that seem especially relevant for the study of decentralized market economies. In particular, recent artificial life work combining evolutionary game theory with preferential partner selection is described in some detail. This work is currently being applied to the endogenous formation and evolution of trade networks.
Year of publication: |
1995-09
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Authors: | TESFATSION, Leigh |
Institutions: | Department of Economics, Iowa State University |
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