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Emergence of grouping in multi-resource minority game dynamics.

Authors :
Huang ZG
Zhang JQ
Dong JQ
Huang L
Lai YC
Source :
Scientific reports [Sci Rep] 2012; Vol. 2, pp. 703. Date of Electronic Publication: 2012 Oct 04.
Publication Year :
2012

Abstract

Complex systems arising in a modern society typically have many resources and strategies available for their dynamical evolutions. To explore quantitatively the behaviors of such systems, we propose a class of models to investigate Minority Game (MG) dynamics with multiple strategies. In particular, agents tend to choose the least used strategies based on available local information. A striking finding is the emergence of grouping states defined in terms of distinct strategies. We develop an analytic theory based on the mean-field framework to understand the "bifurcations" of the grouping states. The grouping phenomenon has also been identified in the Shanghai Stock-Market system, and we discuss its prevalence in other real-world systems. Our work demonstrates that complex systems obeying the MG rules can spontaneously self-organize themselves into certain divided states, and our model represents a basic and general mathematical framework to address this kind of phenomena in social, economical and political systems.

Details

Language :
English
ISSN :
2045-2322
Volume :
2
Database :
MEDLINE
Journal :
Scientific reports
Publication Type :
Academic Journal
Accession number :
23050087
Full Text :
https://doi.org/10.1038/srep00703