Swarm economics

Abstract

The Hamiltonian Method of Swarm Design is applied to the design of an agent based economic system. The method allows the design of a system from the global behaviors to the agent behaviors, with a guarantee that once certain derived agent-level conditions are satisfied, the system behavior becomes the desired behavior. Conditions which must be satisfied by consumer agents in order to bring forth the "invisible hand of the market" are derived and demonstrated in simulation. A discussion of how this method might be extended to other economic systems and non-economic systems is presented. © Springer Science+Business Media B.V. 2009.