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In this paper, the Kyle model of insider trading is extended by characterizing the trading volume with long memory and allowing the noise trading volatility to follow a general stochastic process. Under this newly revised model, the…

数理金融 · 定量金融 2019-01-08 Ben-zhang Yang , Xinjiang He , Nan-jing Huang

In this paper we consider a network of boolean agents that compete for a limited resource. The agents play the so called Generalized Minority Game where the capacity level is allowed to vary externally. We study the properties of such a…

适应与自组织系统 · 物理学 2009-11-10 Aram Galstyan , Kristina Lerman

In this paper, we address an instance of uniquely solvable mean-field game with a common noise whose corresponding counterpart without common noise has several equilibria. We study the selection problem for this mean-field game without…

概率论 · 数学 2018-08-29 François Delarue , Rinel Foguen Tchuendom

We present a dynamical analysis of the transport through small quantum cavities with large openings. The systematic suppression of shot noise is used to distinguish direct, deterministic from indirect, indeterministic transport processes.…

介观与纳米尺度物理 · 物理学 2007-05-23 R. G. Nazmitdinov , H. -S. Sim , H. Schomerus , I. Rotter

We introduce an evolutionary game with feedback between perception and reality, which we call the reality game. It is a game of chance in which the probabilities for different objective outcomes (e.g., heads or tails in a coin toss) depend…

综合金融 · 定量金融 2009-02-09 Dmitriy Cherkashin , J. Doyne Farmer , Seth Lloyd

For a binary choice problem, the spatial coordination of decisions in an agent community is investigated both analytically and by means of stochastic computer simulations. The individual decisions are based on different local information…

统计力学 · 物理学 2009-11-07 Frank Schweitzer , Joerg Zimmermann , Heinz Muehlenbein

We perform a quantum theoretical calculation of the noise power spectrum for a phase measurement of the light output from a coherently driven optical cavity with a freely moving rear mirror. We examine how the noise resulting from the…

量子物理 · 物理学 2009-10-31 K. Jacobs , I. Tittonen , H. M. Wiseman , S. Schiller

This paper provides a mathematical study of the well-posedness of master equation on finite state space involving terms modelling common noise. In this setting, the solution of the master equation depends on an additional variable modelling…

偏微分方程分析 · 数学 2024-03-06 Charles Bertucci , Charles Meynard

We solve the dynamics of large spherical Minority Games (MG) in the presence of non-negligible time dependent external contributions to the overall market bid. The latter represent the actions of market regulators, or other major natural or…

交易与市场微观结构 · 定量金融 2009-11-13 P. Papadopoulos , A. C. C. Coolen

In practice, most auction mechanisms are not strategy-proof, so equilibrium analysis is required to predict bidding behavior. In many auctions, though, an exact equilibrium is not known and one would like to understand whether -- manually…

计算机科学与博弈论 · 计算机科学 2024-08-22 Fabian R. Pieroth , Tuomas Sandholm

We investigate the problem of learning an equilibrium in a generalized two-sided matching market, where agents can adaptively choose their actions based on their assigned matches. Specifically, we consider a setting in which matched agents…

机器学习 · 计算机科学 2025-06-05 Andreas Athanasopoulos , Christos Dimitrakakis

We study in this paper three aspects of Mean Field Games. The first one is the case when the dynamics of each player depend on the strategies of the other players. The second one concerns the modeling of '' noise '' in discrete space models…

偏微分方程分析 · 数学 2018-08-02 Charles Bertucci , Jean Michel Lasry , Pierre Louis Lions

We study the asymptotic macroscopic properties of the mixed majority-minority game, modeling a population in which two types of heterogeneous adaptive agents, namely ``fundamentalists'' driven by differentiation and ``trend-followers''…

统计力学 · 物理学 2009-11-10 A. De Martino , I. Giardina , G. Mosetti

We provide a theoretical description of the Minority Game in terms of crowd effects. The size of the fluctuations arising in the game is controlled by the interplay between crowds of like-minded agents and their anti-correlated partners…

凝聚态物理 · 物理学 2007-05-23 M. Hart , P. Jefferies , N. F. Johnson , P. M. Hui

We investigate further several properties of the minority game we have recently introduced. We explain the origin of the phase transition and give an analytical expression of $\sigma^2/N$ in the $N\ll2^M$ region. The ability of the players…

统计力学 · 物理学 2015-06-25 Damien Challet , Yi-Cheng Zhang

We consider a statistical model for symmetric matrix factorization with additive Gaussian noise in the high-dimensional regime, where the rank of the signal matrix to infer $M$ scales with its size $N$ as $M=\mathrm{o}(\sqrt{\ln N})$.…

信息论 · 计算机科学 2026-03-20 Jean Barbier , Justin Ko , Anas A. Rahman

The perceived risk and reward for a given situation can vary depending on resource availability, accumulated wealth, and other extrinsic factors such as individual backgrounds. Based on this general aspect of everyday life, here we use…

统计力学 · 物理学 2021-12-07 Marco A. Amaral , Marcelo M. de Oliveira

A minority process in a weighted graph is a dynamically changing coloring. Each node repeatedly changes its color in order to minimize the sum of weighted conflicts with its neighbors. We study the number of steps until such a process…

离散数学 · 计算机科学 2019-02-05 Pál András Papp , Roger Wattenhofer

The kinetics of phase and population relaxation in quantum systems induced by noise with anomalously slowly decaying correlation function P (t) ~ (wt)^{- alpha}, where 0 < alpha < 1 is analyzed within continuous time random walk approach.…

统计力学 · 物理学 2009-11-10 A. I. Shushin

We use the cavity method to study parallel dynamics of disordered Ising models on a graph. In particular, we derive a set of recursive equations in single site probabilities of paths propagating along the edges of the graph. These equations…

无序系统与神经网络 · 物理学 2025-04-23 I. Neri , D. Bollé
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