Emergence of grouping in multi-resource minority game dynamics

Zi-Gang Huang, Ji-Qiang Zhang, Jia-Qi Dong, Liang Huang*, Ying-Cheng Lai

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

21 Citations (Scopus)

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 languageEnglish
Article number703
Number of pages8
JournalScientific Reports
Volume2
DOIs
Publication statusPublished - 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

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