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Self-organized networks of competing boolean agents
Authors:Paczuski   Bassler   Corral
Affiliation:Niels Bohr Institute, Blegdamsvej 17, 2100 Copenhagen, Denmark and NORDITA, Blegdamsvej 17, 2100 Copenhagen, Denmark and Department of Physics, University of Houston, Houston, Texas 77204-5506, USA.
Abstract:A model of Boolean agents competing in a market is presented where each agent bases his action on information obtained from a small group of other agents. The agents play a competitive game that rewards those in the minority. After a long time interval, the poorest player's strategy is changed randomly, and the process is repeated. Eventually the network evolves to a stationary but intermittent state where random mutation of the worst strategy can change the behavior of the entire network, often causing a switch in the dynamics between attractors of vastly different lengths.
Keywords:
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