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Abstract:
It has been shown that, in an abstract model of 2 limited shared resources, when abstract "agents" with similar utility functions for these resources attempt to maximize their private utilities based on obsolete information about what other agents are doing, oscillations or chaotic behavior can arise spontaneously, resulting in lower utility for everyone (Kephart, Hogg, and Huberman 1989). We have seen the same oscillations appear in more realistic simulations of a future air-traffic-management scenario.