Epoch lifetimes in the dynamics of a competing population

Yeung, Chi Ho, Ma, Yi-Ping and Wong, K. Y. Michael (2007) Epoch lifetimes in the dynamics of a competing population. International Journal of Modern Physics B, 21 (23n24). pp. 4048-4053. ISSN 0217-9792

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Abstract

We propose a dynamical model of a competing population whose agents have a tendency to balance their decisions in time. The model is applicable to financial markets in which the agents trade with finite capital, or other multiagent systems such as routers in communication networks attempting to transmit multiclass traffic in a fair way. We find an oscillatory behavior due to the segregation of agents into two groups. Each group remains winning over epochs. The aggregation of smart agents is able to explain the lifetime distribution of epochs to 8 decades of probability. The existence of the super agents further refines the lifetime distribution of short epochs.

Item Type:	Article
Uncontrolled Keywords:	Epochs; aggregates; minority game; restoring minority game
Subjects:	F300 Physics
Department:	Faculties > Engineering and Environment > Mathematics, Physics and Electrical Engineering
Depositing User:	Dr Yi-Ping Ma
Date Deposited:	07 Nov 2016 11:04
Last Modified:	12 Oct 2019 22:30
URI:	http://nrl.northumbria.ac.uk/id/eprint/28414

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