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- W2172042783 abstract "Symbolic communication mechanisms played a significant part in the evolutionary process by allowing plants, animals and humans to exchange individual experiences and thus turning collections of relatively isolated organisms into adaptive distributed cognition systems. By providing aggregated information on comparative values of goods and services to participants with bounded interests and rationality, the economic signalling mechanisms give them incentives to adjust their consumption and production efforts in accordance with the collective requirements of all other agents in the system. The suggested model of a hypereconomic system combines flows of globally aggregated scalar information on prices with mechanisms for sharing knowledge about situational utilities of groups of resources. The project presents methods for combining value and utility signalling mechanisms, introduces non-scalar representations of common experiences analogous to derivative financial instruments and researches their efficiency in different types of economics environments." @default.
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- W2172042783 date "2002-11-27" @default.
- W2172042783 modified "2023-09-27" @default.
- W2172042783 title "Hyper-economy: combining price and utility communication in multi-agent systems" @default.
- W2172042783 doi "https://doi.org/10.1109/isic.1998.713811" @default.
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