In this paper, we study whether simple heuristics can arise as equilibrium strategies in mutual sequential mate search. To this aim, we extend the mate search model of Todd and Miller (1999), involving an adolescence (learning) phase followed by an actual mating phase, to a strategic game where...

Transit systems exercise complex dynamics and evolve through the interaction of various agents. The analysis of transit performance requires emulating the dynamic loading of travellers and their interaction with the underlying transit system. Multi-agent simulations aim to mimic the emergence of...

Trust is an important determinant of start-up fi nancing. In a simple agentbased model it is determined what the best trusting strategy is for a collective of investors and whether it is rational for an individual investor to deviate from this collective optimum. Trust depends on a measure of...

This paper presents an agent-based model that simulates the market for passenger cars in which firm strategies, market structure, consumer choices and policy instruments co-evolve. The main contribution of the paper is to show that this type of simulation model can be used to explore...

The United Kingdom has twice suffered major disruption as a result of fuel panics first in September 2000 coincident with a wave of fuel protests and more recently in March 2012 following politcal warnings of possible future supply chain disruption. In each case the disruption and economic...

Observations in experiments show that players in a prisoner's dilemma may adhere more or less to a cooperative norm. Adherence is defined by the intensity of pro-social emotions, like guilt, of deviating from the norm. Players consider also payoffs from defection as a motive to deviate. By...

Conflict Analysis in Virtual States (CAVS) offers a fresh approach to analyzing civil conflicts, which also has significant potential for policy application. This approach, made possible by the use of two computer-based methods comprising multi-agent simulation (MAS) and a geographical...

Trust is an important determinant of start-up financing. In a simple agentbased model it is determined what the best trusting strategy is for a collective of investors and whether it is rational for an individual investor to deviate from this collective optimum. Trust depends on a measure of...