Strategies for resource exploitation

Brede, Markus, Boschetti, Fabio and McDonald, David (2008) Strategies for resource exploitation Ecological Complexity, 5, (1), pp. 22-29. (doi:10.1016/j.ecocom.2007.07.002).


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In a mixed strategy, game-theoretical scenario mimicking the behaviour of fishing vessels competing for a limited renewable resource, agents following either a Collective Intelligence or a purely selfish strategy quickly outperform fully cooperative teams as well as agents not planning for future action by acting randomly. The stable balance between fully selfish agents and the Collective Intelligence depends subtly on the ratio of instantaneous demand to instantaneously available resource as well as on the dynamics of the resource itself. This suggests use of ratio of strategies as an indicator of the level of resource exploitation. The Collective Intelligence performance proves to be extremely robust to uncertain information, especially when longer records of historical catch are accounted for.

Item Type: Article
Digital Object Identifier (DOI): doi:10.1016/j.ecocom.2007.07.002
ISSNs: 1476-945X (print)
Keywords: sustainable resource exploitation, collective intelligence, evolutionary stable strategies, agent-based model

Organisations: Agents, Interactions & Complexity
ePrint ID: 272845
Date :
Date Event
March 2008Published
Date Deposited: 26 Sep 2011 15:39
Last Modified: 17 Apr 2017 17:38
Further Information:Google Scholar

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