The Creation and Diffusion of Knowledge - an Agent Based Modelling Approach
|Title:||The Creation and Diffusion of Knowledge - an Agent Based Modelling Approach||Authors:||Albuquerque, Emmanuel P. de||Permanent link:||http://hdl.handle.net/10197/12227||Date:||May-2021||Online since:||2021-05-31T12:15:37Z||Abstract:||In this paper I propose a novel abstract mechanism for the creation and diffusion of knowledge and use an agent based modelling approach to explore it. The mechanism takes into account the relation between the phenomena that agents attempt to explain and the stocks of knowledge available in a society, be it individually or collectively. I find that the aggregate number of knowledge units in a society increases more slowly, the more naive its inhabitants are. I also find that the proximity between phenomena plays an important role in how often the same knowledge unit can be used. A discussion on agent based models as a means of insight into society is offered.||Funding Details:||Science Foundation Ireland||Type of material:||Working Paper||Publisher:||University College Dublin. School of Economics||Start page:||1||End page:||22||Series/Report no.:||UCD Centre for Economic Research Working Paper Series; WP2021/13||Copyright (published version):||2021 the Author||Keywords:||Agent-based modelling; Cognitive distance; Exploitation; Exploration; Innovation; Knowledge creation; Knowledge diffusion; Learning||JEL Codes:||B52; C63; D83; O33||Language:||en||Status of Item:||Not peer reviewed||This item is made available under a Creative Commons License:||https://creativecommons.org/licenses/by-nc-nd/3.0/ie/|
|Appears in Collections:||UCD Spatial Dynamics Lab Working Papers|
Economics Working Papers & Policy Papers
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