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.
| Original language | English |
|---|---|
| Article number | 703 |
| Number of pages | 8 |
| Journal | Scientific Reports |
| Volume | 2 |
| DOIs | |
| Publication status | Published - 4 Oct 2012 |
Funding
ZGH thanks Prof. Ying-Hai Wang, and Matteo Marsili for helpful discussions. This work was partially supported by the NSF of China (Grant Nos. 11275003, 10905026, 11005053 and 11135001). YCL was supported by AFOSR under Grant No. FA9550-10-1-0083.
Keywords
- information
- agents
- markets
- cooperation
- networks