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.
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Skrzynski, P., Szuba, T., Szydło, S. (2011). Collective Intelligence Approach to Measuring Invisible Hand of the Market. In: Jędrzejowicz, P., Nguyen, N.T., Hoang, K. (eds) Computational Collective Intelligence. Technologies and Applications. ICCCI 2011. Lecture Notes in Computer Science(), vol 6923. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-23938-0_44
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DOI: https://doi.org/10.1007/978-3-642-23938-0_44
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-23937-3
Online ISBN: 978-3-642-23938-0
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