Journal
ARTIFICIAL LIFE AND ROBOTICS
Volume 22, Issue 1, Pages 125-129Publisher
SPRINGER
DOI: 10.1007/s10015-016-0334-1
Keywords
Market model; Agent-based modeling; Localized interaction; Power-law
Categories
Ask authors/readers for more resources
The model of self-organized criticality (SOC) is a useful tool to understand the complexity of natural systems in the form of the artificial life and the artificial market. However, SOC remains the question what guarantees the criticality even though the natural systems seem to keep itself in the critical state. In this paper, we focus on the locality of interaction in zero-intelligence plus (ZIP) model. The extremely localized interaction changes the behavior of the ZIP model from equilibrium to intermittency. Although the original ZIP model falls into unstable with some noise, extremely localized interaction model archives robust intermittency against the noise parameter. Further, the statistical property of intermittent behavior shows the power-law nature.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available