Dynamics of multi-player games

DOI10.1088/1742-5468/2006/07/P07001zbMATH Open1456.91004arXivphysics/0604226MaRDI QIDQ5239291FDOQ5239291

Authors:

Publication date: 22 October 2019

Published in: Journal of Statistical Mechanics: Theory and Experiment (Search for Journal in Brave)

Abstract: We analyze the dynamics of competitions with a large number of players. In our model, n players compete against each other and the winner is decided based on the standings: in each competition, the mth ranked player wins. We solve for the long time limit of the distribution of the number of wins for all n and m and find three different scenarios. When the best player wins, the standings are most competitive as there is one-tier with a clear differentiation between strong and weak players. When an intermediate player wins, the standings are two-tier with equally-strong players in the top tier and clearly-separated players in the lower tier. When the worst player wins, the standings are least competitive as there is one tier in which all of the players are equal. This behavior is understood via scaling analysis of the nonlinear evolution equations.

Full work available at URL: https://arxiv.org/abs/physics/0604226

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zbMATH Keywords

stochastic processesnonlinear dynamicsapplications to game theory and mathematical economicsinteracting agent models

Mathematics Subject Classification ID

Social networks; opinion dynamics (91D30) (n)-person games, (n>2) (91A06) Dynamic games (91A25)

Cites Work

• Game theory
• Sociodynamics. A systematic approach to mathematical modelling in the social sciences
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• Bifurcations and patterns in compromise processes
• Dynamics of social diversity

Cited In (14)

• Quenched law of large numbers and quenched central limit theorem for multiplayer leagues with ergodic strengths
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• Dynamic games with strategic complements and large number of players
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• Dynamic sender-receiver games
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• Randomness in competitions
• Games and dynamic games
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