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A characteristic feature of complex systems in general is a tight coupling between their constituent parts. In complex socio-economic systems this kind of behavior leads to self-organization, which may be both desirable (e.g. social…

Statistical Finance · Quantitative Finance 2017-03-29 Aleksejus Kononovicius , Vygintas Gontis

We present preliminary results on the problem of driving the dynamics of a group of agents, the herders, so as to steer the collective behaviour of another group of agents, the targets, interacting with them. We define this problem as the…

Systems and Control · Electrical Eng. & Systems 2023-08-02 Andrea Lama , Mario Di Bernardo

We study the shepherding control problem where a group of "herders" need to orchestrate their collective behaviour in order to steer the dynamics of a group of "target" agents towards a desired goal. We relax the strong assumptions of…

Statistical Mechanics · Physics 2024-02-22 Andrea Lama , Mario di Bernardo

This chapter provides a comprehensive overview of controlling collective behavior in complex systems comprising large ensembles of interacting dynamical agents. Building upon traditional control theory's foundation in individual systems, we…

Systems and Control · Electrical Eng. & Systems 2025-07-01 Marco Coraggio , Davide Salzano , Mario di Bernardo

In nature self-organized systems as flock of birds, school of fishes or herd of sheeps have to deal with the presence of external agents such as predators or leaders which modify their internal dynamic. Such situations take into account a…

Biological Physics · Physics 2012-10-15 Giacomo Albi , Lorenzo Pareschi

Here we study the emergence of spontaneous leadership in large populations. In standard models of opinion dynamics, herding behavior is only obeyed at the local scale due to the interaction of single agents with their neighbors; while at…

Physics and Society · Physics 2015-06-11 Guillem Mosquera-Donate , Marian Boguna

Resource allocation takes place in various kinds of real-world complex systems, such as the traffic systems, social services institutions or organizations, or even the ecosystems. The fundamental principle underlying complex…

Physics and Society · Physics 2013-08-06 Ji-Qiang Zhang , Zi-Gang Huang , Zi-Gang Huang , Liang Huang , Tie-Qiao Huang , Ying-Cheng Lai

Individual choices are either based on personal experience or on information provided by peers. The latter case, causes individuals to conform to the majority in their neighborhood. Such herding behavior may be very efficient in aggregating…

Physics and Society · Physics 2009-11-11 Philippe Curty , Matteo Marsili

Recent advancements in Large Language Models (LLMs) have enabled the emergence of multi-agent systems where LLMs interact, collaborate, and make decisions in shared environments. While individual model behavior has been extensively studied,…

Multiagent Systems · Computer Science 2025-05-29 Young-Min Cho , Sharath Chandra Guntuku , Lyle Ungar

The dynamics of many socioeconomic systems is determined by the decision making process of agents. The decision process depends on agent's characteristics, such as preferences, risk aversion, behavioral biases, etc.. In addition, in some…

Statistical Finance · Quantitative Finance 2009-11-13 Gabriella Vaglica , Fabrizio Lillo , Esteban Moro , Rosario N. Mantegna

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

The problem of controlling complex networks is of interest to disciplines ranging from biology to swarm robotics. However, controllability can be too strict a condition, failing to capture a range of desirable behaviors. Herdability, which…

Systems and Control · Computer Science 2018-05-01 Sebastian F. Ruf , Magnus Egersted , Jeff S. Shamma

Group behavior has received much attention as a test case of self-organization. There has been much written in recent years to investigate interactions within groups of agents. These agents can be animals moving in an interactive way, such…

Physics and Society · Physics 2011-03-14 Max D. Steel

The current economic crisis has provoked an active response from the interdisciplinary scientific community. As a result many papers suggesting what can be improved in understanding of the complex socio-economics systems were published.…

Physics and Society · Physics 2018-10-17 Aleksejus Kononovicius , Valentas Daniunas

The purpose of this review paper is to present some recent results on the modeling and control of large systems of agents. We focus on particular applications where the agents are capable of independent actions instead of simply reacting to…

Optimization and Control · Mathematics 2023-02-27 Benedetto Piccoli

Resource allocation takes place in various types of real-world complex systems such as urban traf- fic, social services institutions, economical and ecosystems. Mathematically, the dynamical process of complex resource allocation can be…

Physics and Society · Physics 2015-11-05 Ji-Qiang Zhang , Zi-Gang Huang , Zhi-Xi Wu , Riqi Su , Ying-Cheng Lai

This paper asks a new question: how can we control the collective behavior of self-organized multi-agent systems? We try to answer the question by proposing a new notion called 'Soft Control', which keeps the local rule of the existing…

Multiagent Systems · Computer Science 2010-07-07 Jing Han , Ming Li , Lei Guo

The heterogeneity of the influence processes is an important feature of social systems: how we perceive social influence and how we influence other individuals is heavily influenced by our opinion and non-opinion attributes. The latter…

Social and Information Networks · Computer Science 2022-09-07 Ivan V. Kozitsin

We investigate the behavioral patterns of a population of agents, each controlled by a simple biologically motivated neural network model, when they are set in competition against each other in the Minority Model of Challet and Zhang. We…

Adaptation and Self-Organizing Systems · Physics 2007-05-23 Joseph Wakeling , Per Bak

We present examples of agent-based and stochastic models of competition and business processes in economics and finance. We start from as simple as possible models, which have microscopic, agent-based, versions and macroscopic treatment in…

General Finance · Quantitative Finance 2012-07-31 Aleksejus Kononovicius , Vygintas Gontis , Valentas Daniunas
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