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Emergence of grouping in multi-resource minority game dynamics.
- 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