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Hierarchically organized minority games

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  • Földy, Csaba
  • Somogyvári, Zoltán
  • Érdi, Péter

Abstract

In this paper a hierarchical extension of the Minority Game is defined and studied. Numerical simulations show a special type of emergent global behavior between separated parts of the hierarchical structure, connected only through a normalized mean field quantity.

Suggested Citation

  • Földy, Csaba & Somogyvári, Zoltán & Érdi, Péter, 2003. "Hierarchically organized minority games," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 323(C), pages 735-742.
    • Handle: RePEc:eee:phsmap:v:323:y:2003:i:c:p:735-742
    DOI: 10.1016/S0378-4371(03)00049-9
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    References listed on IDEAS

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    1. Giulio Bottazzi & Giovanna Devetag & Giovanni Dosi, 1999. "Adaptive Learning and Emergent Coordination in Minority Games," LEM Papers Series 1999/24, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    2. Challet, D. & Zhang, Y.-C., 1997. "Emergence of cooperation and organization in an evolutionary game," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 246(3), pages 407-418.
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    Cited by:

    1. Zozor, S. & Ravier, P. & Buttelli, O., 2005. "On Lempel–Ziv complexity for multidimensional data analysis," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 345(1), pages 285-302.

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    Keywords

    Minority game; Hierarchy;

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