The Creation and Diffusion of Knowledge - an Agent Based Modelling Approach

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Title: The Creation and Diffusion of Knowledge - an Agent Based Modelling Approach
Authors: Albuquerque, Emmanuel P. de
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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 modellingCognitive distanceExploitationExplorationInnovationKnowledge creationKnowledge diffusionLearning
JEL Codes: B52; C63; D83; O33
Language: en
Status of Item: Not peer reviewed
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Appears in Collections:UCD Spatial Dynamics Lab Working Papers
Economics Working Papers & Policy Papers

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