Progressing from game theory to agent based modelling to simulate social emergence
This article discusses some of the fundamental flaws in game theory and discusses agent based modelling as a successor to model social emergence. Axelrod (1984) made a major contribution to Game Theory in his book “Evolution of Cooperation” but thirteen years later he, dissatisfied with game theory, moves onto agent based modelling to rework his view of cooperation in his book in 1997 “The complexity of Cooperation: Agent-based Models of Competition and Collaboration”. In a similar move, the Santa Fe Institute in the US was established in...
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