Abstract
Multi-agent complex systems comprising populations of decision-making particles, have many potential applications across the biological, informational and social sciences. We show that the time-averaged dynamics in such systems bear a striking resemblance to conventional many-body physics. For the specific example of the Minority Game, this analogy enables us to obtain analytic expressions which are in excellent agreement with numerical simulations.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 923-929 |
| Number of pages | 7 |
| Journal | EPL |
| Volume | 74 |
| Issue number | 5 |
| DOIs | |
| State | Published - Jun 1 2006 |
| Externally published | Yes |
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ASJC Scopus subject areas
- Physics and Astronomy(all)
Cite this
Multi-agent complex systems and many-body physics. / Johnson, Neil F; Smith, D. M D; Hui, P. M.
In: EPL, Vol. 74, No. 5, 01.06.2006, p. 923-929.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - Multi-agent complex systems and many-body physics
AU - Johnson, Neil F
AU - Smith, D. M D
AU - Hui, P. M.
PY - 2006/6/1
Y1 - 2006/6/1
N2 - Multi-agent complex systems comprising populations of decision-making particles, have many potential applications across the biological, informational and social sciences. We show that the time-averaged dynamics in such systems bear a striking resemblance to conventional many-body physics. For the specific example of the Minority Game, this analogy enables us to obtain analytic expressions which are in excellent agreement with numerical simulations.
AB - Multi-agent complex systems comprising populations of decision-making particles, have many potential applications across the biological, informational and social sciences. We show that the time-averaged dynamics in such systems bear a striking resemblance to conventional many-body physics. For the specific example of the Minority Game, this analogy enables us to obtain analytic expressions which are in excellent agreement with numerical simulations.
UR - http://www.scopus.com/inward/record.url?scp=33745057815&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=33745057815&partnerID=8YFLogxK
U2 - 10.1209/epl/i2005-10588-9
DO - 10.1209/epl/i2005-10588-9
M3 - Article
AN - SCOPUS:33745057815
VL - 74
SP - 923
EP - 929
JO - Europhysics Letters
JF - Europhysics Letters
SN - 0295-5075
IS - 5
ER -