Learning and imitation: Transitional dynamics in variants of the BAM
We study the dynamics of self-organized systems when disturbed by shocks. For this purpose, we consider extensions of the "Bar Attendance Model" [1] (BAM), which provides a stylized setting for the analysis of the emergence of coordination in the behavior of a large collection of agents. W...
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Acceso en línea: | http://hdl.handle.net/20.500.12110/paper_02195259_v7_n1_p21_Heymann |
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todo:paper_02195259_v7_n1_p21_Heymann2023-10-03T15:11:08Z Learning and imitation: Transitional dynamics in variants of the BAM Heymann, D. Perazzo, R.P.J. Schuschny, A.R. Contagion effects Coordination problems Genetic algorithms Multi-agent models Self-organization Transitional dynamics Genetic algorithms Information analysis Mathematical models Multi agent systems Problem solving Self organizing maps Contagion effects Coordination problems Multi-agent models Self-organization Transitional dynamics Learning systems We study the dynamics of self-organized systems when disturbed by shocks. For this purpose, we consider extensions of the "Bar Attendance Model" [1] (BAM), which provides a stylized setting for the analysis of the emergence of coordination in the behavior of a large collection of agents. We represent the learning process of the agents through genetic algorithms, which respond to global (publicly available) information. In addition, we allow the actions of agents to be influenced by local information, as expressed in the behavior and performance of neighboring individuals. In the context of the BAM, we show that, in the event of a shock, the imitation behavior may become widespread and generate a contagion cascade which mimics a collective panic. We use this framework to represent features of the dynamics of an actual bank run. JOUR info:eu-repo/semantics/openAccess http://creativecommons.org/licenses/by/2.5/ar http://hdl.handle.net/20.500.12110/paper_02195259_v7_n1_p21_Heymann |
institution |
Universidad de Buenos Aires |
institution_str |
I-28 |
repository_str |
R-134 |
collection |
Biblioteca Digital - Facultad de Ciencias Exactas y Naturales (UBA) |
topic |
Contagion effects Coordination problems Genetic algorithms Multi-agent models Self-organization Transitional dynamics Genetic algorithms Information analysis Mathematical models Multi agent systems Problem solving Self organizing maps Contagion effects Coordination problems Multi-agent models Self-organization Transitional dynamics Learning systems |
spellingShingle |
Contagion effects Coordination problems Genetic algorithms Multi-agent models Self-organization Transitional dynamics Genetic algorithms Information analysis Mathematical models Multi agent systems Problem solving Self organizing maps Contagion effects Coordination problems Multi-agent models Self-organization Transitional dynamics Learning systems Heymann, D. Perazzo, R.P.J. Schuschny, A.R. Learning and imitation: Transitional dynamics in variants of the BAM |
topic_facet |
Contagion effects Coordination problems Genetic algorithms Multi-agent models Self-organization Transitional dynamics Genetic algorithms Information analysis Mathematical models Multi agent systems Problem solving Self organizing maps Contagion effects Coordination problems Multi-agent models Self-organization Transitional dynamics Learning systems |
description |
We study the dynamics of self-organized systems when disturbed by shocks. For this purpose, we consider extensions of the "Bar Attendance Model" [1] (BAM), which provides a stylized setting for the analysis of the emergence of coordination in the behavior of a large collection of agents. We represent the learning process of the agents through genetic algorithms, which respond to global (publicly available) information. In addition, we allow the actions of agents to be influenced by local information, as expressed in the behavior and performance of neighboring individuals. In the context of the BAM, we show that, in the event of a shock, the imitation behavior may become widespread and generate a contagion cascade which mimics a collective panic. We use this framework to represent features of the dynamics of an actual bank run. |
format |
JOUR |
author |
Heymann, D. Perazzo, R.P.J. Schuschny, A.R. |
author_facet |
Heymann, D. Perazzo, R.P.J. Schuschny, A.R. |
author_sort |
Heymann, D. |
title |
Learning and imitation: Transitional dynamics in variants of the BAM |
title_short |
Learning and imitation: Transitional dynamics in variants of the BAM |
title_full |
Learning and imitation: Transitional dynamics in variants of the BAM |
title_fullStr |
Learning and imitation: Transitional dynamics in variants of the BAM |
title_full_unstemmed |
Learning and imitation: Transitional dynamics in variants of the BAM |
title_sort |
learning and imitation: transitional dynamics in variants of the bam |
url |
http://hdl.handle.net/20.500.12110/paper_02195259_v7_n1_p21_Heymann |
work_keys_str_mv |
AT heymannd learningandimitationtransitionaldynamicsinvariantsofthebam AT perazzorpj learningandimitationtransitionaldynamicsinvariantsofthebam AT schuschnyar learningandimitationtransitionaldynamicsinvariantsofthebam |
_version_ |
1782025498093682688 |