Hierarchically organized minority games

Csaba Földy, Zoltán Somogyvári, P. Érdi

Research output: Contribution to journalArticle

5 Citations (Scopus)

Abstract

A hierarchical extension of the minority games (MG) was studied. The individual MGs will form a group, and individual players within each MG will make decisions which depend on the average behavior of their own and other MGs. Hierarchical organization is a common way to structure a group of people. Numerical simulations showed a special type of emergent global behavior between separated parts of the hierarchical structure, connected only through a normalized mean field quantity.

Original languageEnglish
Pages (from-to)735-742
Number of pages8
JournalPhysica A: Statistical Mechanics and its Applications
Volume323
DOIs
Publication statusPublished - May 15 2003

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Minority Game
games
minorities
Hierarchical Structure
Mean Field
Numerical Simulation
simulation

Keywords

  • Hierarchy
  • Minority game

ASJC Scopus subject areas

  • Mathematical Physics
  • Statistical and Nonlinear Physics

Cite this

Hierarchically organized minority games. / Földy, Csaba; Somogyvári, Zoltán; Érdi, P.

In: Physica A: Statistical Mechanics and its Applications, Vol. 323, 15.05.2003, p. 735-742.

Research output: Contribution to journalArticle

Földy, Csaba ; Somogyvári, Zoltán ; Érdi, P. / Hierarchically organized minority games. In: Physica A: Statistical Mechanics and its Applications. 2003 ; Vol. 323. pp. 735-742.
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