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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Autores principales: Heymann, D., Perazzo, R.P.J., Schuschny, A.R.
Formato: JOUR
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Acceso en línea:http://hdl.handle.net/20.500.12110/paper_02195259_v7_n1_p21_Heymann
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spelling 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
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AT perazzorpj learningandimitationtransitionaldynamicsinvariantsofthebam
AT schuschnyar learningandimitationtransitionaldynamicsinvariantsofthebam
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