Physics – Physics and Society
Scientific paper
2011-06-02
Physica A 391 (2012) 1434-1444
Physics
Physics and Society
22 pages (as in Physica A but with a few extra references to supplementary material) plus 11 pages of supplementary material n
Scientific paper
10.1016/j.physa.2011.11.011
We study a networked version of the minority game in which agents can choose to follow the choices made by a neighbouring agent in a social network. We show that for a wide variety of networks a leadership structure always emerges, with most agents following the choice made by a few agents. We find a suitable parameterisation which highlights the universal aspects of the behaviour and which also indicates where results depend on the type of social network.
Clemson Timothy
Evans T. S.
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