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

13 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

Emergence of grouping in multi-resource minority game dynamics. / Huang, Zi-Gang; Zhang, Ji-Qiang; Dong, Jia-Qi; Huang, Liang; Lai, Ying-Cheng.

In: Scientific Reports, Vol. 2, 703, 04.10.2012.

Research output: Contribution to journalArticle

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, vol. 2, 703. https://doi.org/10.1038/srep00703
Huang, Zi-Gang ; Zhang, Ji-Qiang ; Dong, Jia-Qi ; Huang, Liang ; Lai, Ying-Cheng. / Emergence of grouping in multi-resource minority game dynamics. In: Scientific Reports. 2012 ; Vol. 2.
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