Irrational Behaviour and Globalisation
Abstract
This paper seeks to predict globalisation using agent models and a combination of evolutionary game theory and irrational bias. In this paper, we use a new evolutionary process in the model, where we set several complex parameters and trade-offs to set the payoff matrix and its change in real-time. We define a new dynamic evolutionary process to ensure that each agent can choose its interests in the simulation of globalisation and also the model include irrational agents in the model to test the usefulness of the new dynamics against a control group without irrational agents.