Paper Info
Title
Collective intelligence approach to measuring invisible hand of the market
Abstract
The paper presents an invisible hand process simulation using a multi agent approach and its measure with a IQS - collective intelligence factor used to calculate the intelligence of a given social structure. Since it is widely assumed that in a free market, market participants create such a structure the authors claim that it is possible to calculate the effect of the invisible hand process by defining the IQS of the market. The agents behavior and interaction is modeled by adapting classical models from a theory of microeconomics which describes the ways goods are exchanged among agents. The paper also introduces in details the concept of a multi-agent market simulator which was used in experiments.
Year
DOI
Venue
2011
10.1007/978-3-642-23938-0_44
ICCCI (2)
Keywords
Field
DocType
social structure,invisible hand process simulation,agents behavior,classical model,invisible hand process,multi agent approach,market participant,collective intelligence factor,collective intelligence approach,free market,multi-agent market simulator,multi agent systems,microeconomics,collective intelligence
Computer science,Collective intelligence,Invisible hand,Multi-agent system,Free market,Process simulation,Artificial intelligence,Multi agent approach
Conference
Volume
ISSN
Citations 
6923
0302-9743
2
PageRank 
References 
Authors
0.37
2
3
Name
Order
Citations
PageRank
Pawel Skrzynski1313.29
Tadeusz Szuba2319.68
Stanisław Szydło330.85