Emergence of heterogeneity in an agent-based model
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We study an interacting agent model of a game-theoretical economy. The agents play a minority-subsequently-majority game and they learn, using backpropagation networks, to obtain higher payoffs. We study the relevance of heterogeneity to performance, and how heterogeneity emerges.
7 pages, pdf, contribution to International conference on Econophysics, Bali 2002, to appear in proceedings in Physica A
7 pages, pdf, contribution to International conference on Econophysics, Bali 2002, to appear in proceedings in Physica A