Volume 4, Issue 2, 2011 - hyperion international journal

Figure 18. A snapshot of financial transactions made during one epoch.Nodes represent agents while links represent financial transactions. Thedarker the line connecting two nodes the more money transferred through.The green circles represent the super-agents which can be seen to be hubs ofthe network.Additionof industrialists on a market and first trendsof capitalismThe system of trading agents considered in the numerical simulationsin previous sections above, even with the addition of super agents, can stillbe argued to only represent a medieval market. [5] A medieval marketcould be described as being a market, in which there are no businesses assuch, just people, both rich and poor, trading amongst each other. Thesuper agents currently in the model simply make more sales than otheragents and as Δ m = m × p they give away larger amounts when they arechosen as buyers due to their high level of wealth. However, they do nothave production tools and cannot act like businesses.In order to mimic a more realistic trading model, super agents wouldhave to be able earn or lose their super agent status (like a business can),employ other agents to work for them, and pay these agents. A new modelwas developed in which if economic agents reached a certain level offinance, E , they could industrialise. This involved an increase in the agentssize proportional to the amount of money they have in relation to themiEaverage money of each agent zi= where z i ≥ . This increaseM / NM / Nin size, as before, results in an increase in sales for the agent.264