
Tad Hogg and Bernardo A. Huberman
HP Laboratories
Abstract
Distributed large scale computation gives rise to a wide range of behaviors, from
the simple to the chaotic.This diversity of behaviors stems from the fact that
the agents and programs have incomplete knowledge and imperfect information on
the state of the system. We describe an instantiation of such systems based on
market mechanisms which provides an interesting example of autonomous control. We
also show that when agents choose among several resources, the dynamics of the
system an be oscillatory and chaotic. Furthermore, we describe a mechanism for
achieving global stability through local controls.
Full paper: compec.pdf

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