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Complex adaptive systems and game theory: An unlikely union

Complexity

By:
, ,
DOI: 10.1002/cplx.20316

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Abstract

A Complex Adaptive System is a collection of autonomous, heterogeneous agents, whose behavior is defined with a limited number of rules. A Game Theory is a mathematical construct that assumes a small number of rational players who have a limited number of actions or strategies available to them. The CAS method has the potential to alleviate some of the shortcomings of GT. On the other hand, CAS researchers are always looking for a realistic way to define interactions among agents. GT offers an attractive option for defining the rules of such interactions in a way that is both potentially consistent with observed real-world behavior and subject to mathematical interpretation. This article reports on the results of an effort to build a CAS system that utilizes GT for determining the actions of individual agents. ?? 2009 Wiley Periodicals, Inc. Complexity, 16,24-42, 2010.

Additional Publication Details

Publication type:
Article
Publication Subtype:
Journal Article
Title:
Complex adaptive systems and game theory: An unlikely union
Series title:
Complexity
DOI:
10.1002/cplx.20316
Volume
16
Issue:
1
Year Published:
2010
Language:
English
Larger Work Type:
Article
Larger Work Subtype:
Journal Article
First page:
34
Last page:
42
Number of Pages:
9