IDEAS home Printed from https://ideas.repec.org/a/eee/phsmap/v377y2007i2p616-624.html
   My bibliography  Save this article

Evolutionary minority game on complex networks

Author

Listed:
  • Shang, Lihui
  • Wang, Xiao Fan

Abstract

In this work we investigate the dynamics of networked evolutionary minority game (NEMG) wherein each agent is allowed to evolve its strategy according to the information obtained from its neighbors in the network. We investigate four kinds of networks, including star network, regular network, random network and scale-free network. Simulation results indicate that the dynamics of the system depends crucially on the structure of the underlying network. The strategy distribution in a star network is sensitive to the precise value of the mutation magnitude L, in contrast to the strategy distribution in regular, random and scale-free networks, which is easily affected by the value of the prize-to-fine ratio R. Under a simple evolutionary scheme, the networked system with suitable parameters evolves to a high level of global coordination among its agents. In particular, the performance of the system is correlated to the clustering property of the network, where larger clustering coefficient leads to better performance.

Suggested Citation

  • Shang, Lihui & Wang, Xiao Fan, 2007. "Evolutionary minority game on complex networks," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 377(2), pages 616-624.
    • Handle: RePEc:eee:phsmap:v:377:y:2007:i:2:p:616-624
    DOI: 10.1016/j.physa.2006.11.080
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0378437106012763
    Download Restriction: Full text for ScienceDirect subscribers only. Journal offers the option of making the article available online on Science direct for a fee of $3,000
    File URL: https://libkey.io/10.1016/j.physa.2006.11.080?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Shu-Heng Chen & Umberto Gostoli, 2017. "Coordination in the El Farol Bar problem: The role of social preferences and social networks," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 12(1), pages 59-93, April.
    2. Xin-Jie Zhang & Yong Tang & Jason Xiong & Wei-Jia Wang & Yi-Cheng Zhang, 2018. "Dynamics of Cooperation in Minority Games in Alliance Networks," Sustainability, MDPI, vol. 10(12), pages 1-17, December.
    3. Zhang, Wei & Sun, Yuxin & Feng, Xu & Xiong, Xiong, 2015. "Evolutionary Minority Game with searching behavior," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 436(C), pages 694-706.
    4. Zhang, Xin-Jie & Tang, Yong & Xiong, Jason & Wang, Wei-Jia & Zhang, Yi-Cheng, 2020. "Ranking game on networks: The evolution of hierarchical society," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 540(C).
    5. Park, Daehyeon & Ryu, Doojin & Webb, Robert I., 2024. "Fear of missing out and market stability: A networked minority game approach," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 634(C).
    6. Bryce Morsky & Fuwei Zhuang & Zuojun Zhou, 2023. "Social and individual learning in the Minority Game," Papers 2307.11846, arXiv.org, revised Mar 2024.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:phsmap:v:377:y:2007:i:2:p:616-624. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/physica-a-statistical-mechpplications/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.