Agents in Economic Markets and Games
153
-12000
-10000
-8000
-6000
-4000
-2000
0
2000
0
50
100
150
200
Capital
Time
Mall 1
Mall 2
Mall 3
(a) Mall capitals for all the malls in the
system. Mall 1 dominates the market.
0
2000
4000
6000
8000
10000
12000
14000
16000
18000
0
50
100
150
200
Savings
Time
Group 1
Group 2
Group 3
(b) Savings of the different groups of people.
FIGURE 6.19: Mall capitals and worker savings.
1. Advertise.
2. Do nothing.
3. Hire workers.
4. Sell goods.
5. Make redundant.
6. Assess goods price.
7. Assess goods productions.
8. Give promotions.
The mall strategy gene is of length seven, as it allowed to perform seven
functions in one iteration. Figure 6.19(a) shows that Mall 1 dominates
the market. Mall 3 tries to compete but is unable to catch up to the
prior mall and Mall 2 goes bankrupt at time t ≈ 50. Mall 1 benefits
from the start by using the following gene of functions,
advertise-do nothing-promotions-sell goods-assess goods price-assess
production
Employing this strategy, keeps the mall capital constant and rising. At
periods t2, t3, the mall hires people for work. By periodically hiring
people and selling goods, the mall steadily rises its capital. However,
this strategy is not good for a long time, where the mall switches to
another gene of functions, which consists of varying goods production
depending on sales and advertising.
Mall 2 starts by employing function in its gene, which is
153
-12000
-10000
-8000
-6000
-4000
-2000
0
2000
0
50
100
150
200
Capital
Time
Mall 1
Mall 2
Mall 3
(a) Mall capitals for all the malls in the
system. Mall 1 dominates the market.
0
2000
4000
6000
8000
10000
12000
14000
16000
18000
0
50
100
150
200
Savings
Time
Group 1
Group 2
Group 3
(b) Savings of the different groups of people.
FIGURE 6.19: Mall capitals and worker savings.
1. Advertise.
2. Do nothing.
3. Hire workers.
4. Sell goods.
5. Make redundant.
6. Assess goods price.
7. Assess goods productions.
8. Give promotions.
The mall strategy gene is of length seven, as it allowed to perform seven
functions in one iteration. Figure 6.19(a) shows that Mall 1 dominates
the market. Mall 3 tries to compete but is unable to catch up to the
prior mall and Mall 2 goes bankrupt at time t ≈ 50. Mall 1 benefits
from the start by using the following gene of functions,
advertise-do nothing-promotions-sell goods-assess goods price-assess
production
Employing this strategy, keeps the mall capital constant and rising. At
periods t2, t3, the mall hires people for work. By periodically hiring
people and selling goods, the mall steadily rises its capital. However,
this strategy is not good for a long time, where the mall switches to
another gene of functions, which consists of varying goods production
depending on sales and advertising.
Mall 2 starts by employing function in its gene, which is