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adap-org1998
Dynamics of Individual Specialization and Global Diversification in Communities
Vivek S. Borkar, Sanjay Jain, Govindan Rangarajan
We discuss a model of an economic community consisting of interacting agents. The state of each agent at any time is characterized, in general, by a mixed strategy profile draw…
adap-org1998
Collective Behaviour and Diversity in Economic Communities: Some Insights from an Evolutionary Game
Vivek S. Borkar, Sanjay Jain, Govindan Rangarajan
Many complex adaptive systems contain a large diversity of specialized components. The specialization at the level of the microscopic degrees of freedom, and diversity at the level…