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Strategies for resource exploitation

Record type: Article

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.

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Citation

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).

More information

Published date: March 2008
Keywords: sustainable resource exploitation, collective intelligence, evolutionary stable strategies, agent-based model
Organisations: Agents, Interactions & Complexity

Identifiers

Local EPrints ID: 272845
URI: http://eprints.soton.ac.uk/id/eprint/272845
ISSN: 1476-945X
PURE UUID: dc190a1c-c37a-4441-b22b-918d31cf9f27

Catalogue record

Date deposited: 26 Sep 2011 15:39
Last modified: 18 Jul 2017 06:19

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Contributors

Author: Markus Brede
Author: Fabio Boschetti
Author: David McDonald

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