Complex adaptive systems: using a free-market simulation to estimate attribute relevance

  • Authors:
  • Christopher N. Eichelberger;Mirsad Hadžikadić

  • Affiliations:
  • College of Information Technology, The University of North Carolina at Charlotte, Charlotte, NC;College of Information Technology, The University of North Carolina at Charlotte, Charlotte, NC

  • Venue:
  • ISMIS'06 Proceedings of the 16th international conference on Foundations of Intelligent Systems
  • Year:
  • 2006

Quantified Score

Hi-index 0.00

Visualization

Abstract

The authors have implemented a complex adaptive simulation of an agent-based exchange to estimate the relative importance of attributes in a data set. This simulation uses an individual, transaction-based voting mechanism to help the system estimate the importance of each variable at the system/aggregate level. Two variations of information gain – one using entropy and one using similarity – were used to demonstrate that the resulting estimates can be computed using a smaller subset of the data and greater accommodation for missing and erroneous data than traditional methods.