Year: 2024
Type: preprint
Abstract: In this paper, we analyze the behavior of a multi-agent system driven by the interactions of agents within a competitive environment. To achieve this, we describe the transition probabilities that underlie the system's stochastic nature. We also derive the Fokker-Planck equations for the density distribution of the number of agents in the system and solve these equations for specific cases.
Source: arXiv (Cornell University)
Authors: Daneshvar, Mohammad, Delavari, Mandana
Institutions: Houston Community College System, University of Houston
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W4405714867