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Nonlinear Polya Process - Other...

626 runs

Added by AnyLogic

Application area: Mathematics

Simulation method: System Dynamics

Nonlinear Polya Process

The Polya urn model with a nonlinear function for the probability of selecting the color of the next stone to be added.  The model illustrates path dependence.  See section 10.2.1.
This AnyLogic model is based on materials from the book "Business Dynamics: Systems Thinking and Modeling for a Complex World" by John Sterman, (c) 2000 McGraw Hill.

The model was created with AnyLogic - simulation software / Mathematics

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