Epoch lifetimes in the dynamics of a competing population

Chi Ho YEUNG, Y. P. MA, K. Y. Michael WONG

Research output: Contribution to journalArticlespeer-review

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. Copyright © 2007 World Scientific Publishing Company.
Original languageEnglish
Pages (from-to)4048-4053
JournalInternational Journal of Modern Physics B
Volume21
Issue number23-24
DOIs
Publication statusPublished - Sep 2007

Citation

Yeung, C. H., Ma, Y. P., & Wong, K. Y. M. (2007). Epoch lifetimes in the dynamics of a competing population. International Journal of Modern Physics B, 21(23-24), 4048-4053. doi: 10.1142/S0217979207045189

Keywords

  • Aggregates
  • Epochs
  • Minority game
  • Restoring minority game

Fingerprint Dive into the research topics of 'Epoch lifetimes in the dynamics of a competing population'. Together they form a unique fingerprint.