The bit‐economy: An artificial model of open‐ended technology discovery. Issue 5 (30th May 2013)

• Record Type: Journal Article
• Authors: Angus, Simon D.; Newnham, Andrew
• Is Part Of: Complexity. Volume 18:Issue 5(2013:May/Jun.)
• Page Start: 57
• Page End: 67
• Publication Date: 2013-05-30
• Subjects: Chaotic behavior in systems -- Periodicals; Complexity (Philosophy) -- Periodicals; 003
• DOI: 10.1002/cplx.21449
• Languages: English
• ISSNs: 1076-2787

Abstract

<abstract abstract-type="main"> <title> <x xml:space="preserve">Abstract</x> </title> <p>We describe and demonstrate an artificial model of technology discovery called the Bit‐Economy. The model is built from a minimal set of fundamental hallmarks of technology and develops under an open‐ended evolutionary operator which rewards new technology which is able to coordinate both spatially and temporally with the existing technology set. The Bit‐Economy, is able to replicate several features of real technology development including nonmonotonic growth, bunching of creation and destruction events, qualitative topologies of patent networks, and efficiency and waste‐management gains. In contrast to related works, we do not apply an exogenous fitness landscape and so are able to study the process of technology discovery as a self‐guided search toward more complex outcomes. © 2013 Wiley Periodicals, Inc. Complexity 18: 57–67, 2013</p> </abstract>