A Market of Inhomogeneous Threshold Cellular Automata
Dietrich Stauffer, Gerard Weisbuch
TL;DR
This paper explores a market model using inhomogeneous threshold cellular automata to understand demand, quality expectations, and business cycles in buyer-dominated markets like cinema visits.
Contribution
It applies cellular automata to model complex market dynamics, providing insights into demand and quality expectation adjustments and business cycle emergence.
Findings
Demand and quality expectations mutually adjust over time.
Business cycles can be modeled through cellular automata dynamics.
Market behavior exhibits complex, cyclical patterns.
Abstract
This article summarizes some physics aspects of the market model of Weisbuch and Stauffer, Physica A (2003): How do demand and quality expectation adjust to each other in a buyer dominated market like cinema visits? And how can business cycles be modelled?
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