Phase structure of resource allocation games

DOI10.1016/S0375-9601(03)00507-3MaRDI QIDQ1870439zbMATH OpenFDO

Authors Robert Savit, Sven A. Brueckner, H. van Dyke Parunak, John Kurt jun. Sauter

Publication date 13 May 2003

Published in Physics Letters. A (Search for Journal in Brave)

Full work available at URL https://arxiv.org/abs/nlin/0205004

zbMATH Keywords

coexistence regionminority gamerobust phase change

Mathematics Subject Classification ID

Noncooperative games (91A10)

Abstract: We consider a class of games that are generalizations of the minority game, in that the demand and supply of the resource are specified independently. This allows us to study systems in which agents compete under different demand loads. Among other features, we find the existence of a robust phase change with a coexistence region as the demand load is varied, separating regions with nearly balanced supply and demand from regions of scarce or abundant resources. The coexistence region exists when the amount of information used by the agents to make their choices is greater than a critical value, which is related to the point at which there is a phase transition in the standardd minority game.

Recommendations

• Phenomenology of minority games in efficient regime
• The local minority game
• Dynamic resource allocation games
• Efficient resource distribution in a minority game with a biased pool of strategies
• PHASE TRANSITION IN A TOY MARKET

Cited in

(2)

• Ising game: nonequilibrium steady states of resource-allocation systems
• Strong and weak rarity value: resource games with complex price-scarcity relationships

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