Minority Game With Peer Pressure

Details Minority Game With Peer Pressure Minority Game With Peer Pressure

2003-07-23

arxiv.org/abs/cond-mat/0307556v1

Physics

Condensed Matter

Statistical Mechanics

10 pages, 3 figures in revtex 4.0

Scientific paper

To study the interplay between global market choice and local peer pressure, we construct a minority-game-like econophysical model. In this so-called networked minority game model, every selfish player uses both the historical minority choice of the population and the historical choice of one's neighbors in an unbiased manner to make decision. Results of numerical simulation show that the level of cooperation in the networked minority game differs remarkably from the original minority game as well as the prediction of the crowd-anticrowd theory. We argue that the deviation from the crowd-anticrowd theory is due to the negligence of the effect of a four point correlation function in the effective Hamiltonian of the system.

Affiliated with

Also associated with

No associations

Rating

Minority Game With Peer Pressure does not yet have a rating. At this time, there are no reviews or comments for this scientific paper.

If you have personal experience with Minority Game With Peer Pressure, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Minority Game With Peer Pressure will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFWR-SCP-O-165767