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 journalArticle

14 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

Keywords

  • information
  • agents
  • markets
  • cooperation
  • networks

Cite this

Huang, Z-G., Zhang, J-Q., Dong, J-Q., Huang, L., & Lai, Y-C. (2012). Emergence of grouping in multi-resource minority game dynamics. Scientific Reports, 2, [703]. https://doi.org/10.1038/srep00703