Emergence of scale-free characteristics in socio-ecological systems with bounded rationality

@inproceedings{Kasthurirathna2015EmergenceOS,
  title={Emergence of scale-free characteristics in socio-ecological systems with bounded rationality},
  author={Dharshana Kasthurirathna and Mahendra Piraveenan},
  booktitle={Scientific reports},
  year={2015}
}
Socio-ecological systems are increasingly modelled by games played on complex networks. While the concept of Nash equilibrium assumes perfect rationality, in reality players display heterogeneous bounded rationality. Here we present a topological model of bounded rationality in socio-ecological systems, using the rationality parameter of the Quantal Response Equilibrium. We argue that system rationality could be measured by the average Kullback--Leibler divergence between Nash and Quantal… CONTINUE READING
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