Econobiophysics - game of choosing. Model of selection or election process with diverse accessible information

Nonlinear Biomed Phys. 2011 Sep 5;5(1):7. doi: 10.1186/1753-4631-5-7.

Abstract

We propose several models applicable to both selection and election processes when each selecting or electing subject has access to different information about the objects to choose from. We wrote special software to simulate these processes. We consider both the cases when the environment is neutral (natural process) as well as when the environment is involved (controlled process).