Agents in Economic Markets and Games
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S t r a t e g y A = 2 7 5
S t r a t e g y B = 2 8 1
1 0 0 0 1 0 0 1 1
1 0 0 0 1 1 0 0 1
C r o s s o v e r a t p o i n t 2 :
1 0 0 0 1 0 0 0 1
1 0 0 0 1 1 0 1 1
S t r a t e g y C = 2 7 3
S t r a t e g y D = 2 8 3
R e s u l t i n g c h i l d r e n
s t r a t e g i e s :
FIGURE 6.12: How crossover works in Cournot model. Strategy A, B, C
and D represent numerical values of bit strings.
S t r a t e g y A = 2 7 5
1 0 0 0 1 0 0 1 1
M u t a t i o n a t p o i n t 2 :
1 0 0 0 1 0 0 0 1
S t r a t e g y C = 2 7 3
R e s u l t i n g c h i l d
s t r a t e g y :
FIGURE 6.13: How mutation works in Cournot model.
S y s t e m D e m a n d
F i r m
F i r m s b i d t h e i r s t r a t e g i e s
S y s t e m c a l c u l a t e s p r i c e
a n d r e t u r n s p r o f i t o f t h e f i r m s
A g e n t s :
FIGURE 6.14: The system contains four agents (three firms and one system
demand, responsible for assessing the product price).