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A model is developed to study the effectiveness of innovation and its impact on structure creation on agent-based societies. The abstract model that is developed is easily adapted to any particular field. In an interacting environment, the agents receive something from the environment (the other...
Persistent link: https://www.econbiz.de/10004980445
Endogenous, ideas-led growth theory and the literature on agent-based modeling with neighborhood effects are crossed. In an economic overlapping generations framework, it is shown how social interactions and neighborhood effects are of vital importance in the endogenous determination of the long...
Persistent link: https://www.econbiz.de/10005050859
This paper examines the interplay of opinion exchange dynamics and communication network formation. An opinion formation procedure is introduced which is based on an abstract representation of opinions as k-dimensional bit-strings. Individuals interact if the difference in the opinion strings is...
Persistent link: https://www.econbiz.de/10008472626