This paper is based on the assumption that efforts which include innovation, cost on production and efficiency affect market share in duopoly game. We develop a model and simulation for two combinations of how firms decide their capacity of production based on bounded rationality and adaptive expectations which in turn lead to a pair of firm's strategies: Homogeneous and heterogeneous. If some …
A carefully designed experimental procedure may be an invaluablesource for gathering empirical data and a key to grasp the heterogeneity of human behavior, which is of the utmost importance when modeling artificial agents. We consider a model of organization where heterogeneous agents interact in a supervised team. After providing a theoretical analysis of the agents' interaction, we describe t…