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• W2103830815 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." @default.
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• W2103830815 date "2012-10-04" @default.
• W2103830815 modified "2023-10-18" @default.
• W2103830815 title "Emergence of grouping in multi-resource minority game dynamics" @default.
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• W2103830815 doi "https://doi.org/10.1038/srep00703" @default.
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