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In this short paper we define the wealth process in a spin model for market microstructure, for individual agents and in aggregate. The agents in our model try to balance their desire to belong to the local majority (herding behavior),…

Probability · Mathematics 2008-12-02 Ted Theodosopoulos , Ming Yuen

Several models of flocking have been promoted based on simulations with qualitatively naturalistic behavior. In this paper we provide the first direct application of computational modeling methods to infer flocking behavior from…

Other Quantitative Biology · Quantitative Biology 2015-05-30 Graciano Dieck Kattas , Xiao-Ke Xu , Michael Small

Many of the world's most pressing issues, such as climate change and global peace, require complex collective problem-solving skills. Recent studies indicate that diversity in individuals' behaviors is key to developing such skills and…

Artificial Intelligence · Computer Science 2025-01-30 Matteo Bettini , Ryan Kortvelesy , Amanda Prorok

In this paper we consider a distributed coordination game played by a large number of agents with finite information sets, which characterizes emergence of a single dominant attribute out of a large number of competitors. Formally, $N$…

Economics · Quantitative Finance 2016-12-21 S. Agarwal , D. Ghosh , A. S. Chakrabarti

In this paper we present results and analyses of a class of games in which heterogeneous agents are rewarded for being in a minority group. Each agent possesses a number of fixed strategies each of which are predictors of the next minority…

adap-org · Physics 2007-05-23 Radu Manuca , Yi Li , Rick Riolo , Robert Savit

The sustainable use of common-pool resources (CPRs) is a major environmental governance challenge because of their possible over-exploitation. Research in this field has overlooked the feedback between user decisions and resource dynamics.…

Theoretical Economics · Economics 2021-10-04 Chengyi Tu , Paolo DOdorico , Zhe Li , Samir Suweis

Collective, especially group-based, managerial decision making is crucial in organizations. Using an evolutionary theoretic approach to collective decision making, agent-based simulations were conducted to investigate how human collective…

Multiagent Systems · Computer Science 2019-02-20 Shelley D. Dionne , Hiroki Sayama , Francis J. Yammarino

While generic competitive systems exhibit mixtures of hierarchy and cycles, real-world systems are predominantly hierarchical. We demonstrate and extend a mechanism for hierarchy; systems with similar agents approach perfect hierarchy in…

Populations and Evolution · Quantitative Biology 2024-02-12 Christopher Cebra , Alexander Strang

We study a competition dynamics, based on the minority game, endowed with various substrate network structures. We observe the effects of the network topologies by investigating the volatility of the system and the structure of follower…

Disordered Systems and Neural Networks · Physics 2007-05-23 Sang Hoon Lee , Hawoong Jeong

Collective intelligence is the ability of a group to perform more effectively than any individual alone. Diversity among group members is a key condition for the emergence of collective intelligence, but maintaining diversity is challenging…

Computer Science and Game Theory · Computer Science 2017-10-18 Richard P. Mann , Dirk Helbing

The effective usages of computational resources are a primary concern of up-to-date distributed applications. In this paper, we present a methodology to reason about resource usages (acquisition, release, revision, ...), and therefore the…

Distributed, Parallel, and Cluster Computing · Computer Science 2011-08-02 Chiara Bodei , Viet Dung Dinh , Gian Luigi Ferrari

In the study of the evolution of cooperation, resource limitations are usually assumed just to provide a finite population size. Recently, however, it has been pointed out that resource limitation may also generate dynamical payoffs able to…

Biological Physics · Physics 2013-12-13 R. J. Requejo , J. Camacho

In complex financial systems, the sector structure and volatility clustering are respectively important features of the spatial and temporal correlations. However, the microscopic generation mechanism of the sector structure is not yet…

General Finance · Quantitative Finance 2015-04-09 Jun-Jie Chen , Lei Tan , Bo Zheng

We study the collective behaviour of an ensemble of coupled motile elements whose interactions depend on time and are alternatively attractive or repulsive. The evolution of interactions is driven by individual internal variables with…

Statistical Mechanics · Physics 2009-11-10 Damian H. Zanette , Alexander S. Mikhailov

The problem of free-riding arises when individuals benefit from a shared resource, service, or public good without contributing proportionately to its provision. This conduct often leads to a collective action problem, as individuals pursue…

Physics and Society · Physics 2024-06-12 María Pereda

Competition for a limited resource is the hallmark of many complex systems, and often, that resource turns out to be the physical space itself. In this work, we study a novel model designed to elucidate the dynamics and emergence in complex…

Physics and Society · Physics 2026-03-18 Ann Mary Mathew , V Sasidevan

We propose a coupled dynamical model of resource allocation and epidemic spread, inspired by the hierarchical structure of real-world therapeutic resource allocation. In this framework, network nodes are assigned distinct roles as either…

Physics and Society · Physics 2026-02-13 Hao-Xiang Jiang , Chao-Ran Cai , Ji-Qiang Zhang , Ming Tang

This paper presents a novel control strategy to herd a group of non-cooperative evaders by means of a team of robotic herders. In herding problems, the motion of the evaders is typically determined by strong nonlinear reactive dynamics,…

Systems and Control · Electrical Eng. & Systems 2022-06-14 Eduardo Sebastián , Eduardo Montijano

Using the minority game as a model for competition dynamics, we investigate the effects of inter-agent communications on the global evolution of the dynamics of a society characterized by competition for limited resources. The agents…

Statistical Mechanics · Physics 2009-11-10 M. Anghel , Zoltan Toroczkai , Kevin E. Bassler , G. Korniss

Natural selection has shaped the evolution of cells and multi-cellular organisms such that social cooperation can often be preferred over an individualistic approach to metabolic regulation. This paper extends a framework for dynamic…

Molecular Networks · Quantitative Biology 2021-01-28 David S. Tourigny
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