Boosting Brownian-inspired games with network synchronization

Joel Weijia Lai and Kang Hao Cheong

Chaos, Solitons & Fractals, 2023, vol. 168, issue C

Abstract: In this study, we have applied a mean-field synchronization approach to a network of dynamic agents. We consider a network of connecting agents whose positions are affected by mean-field synchronization. Based on this position, one can choose which of the two Parrondo’s games to play using a decision-making heuristic. This study reveals the counterintuitive result of achieving a winning outcome by combining two losing strategies through network synchronization and utilizing a real-world decision-making heuristic of preferences. We have also investigated the effects of varying network parameters on the emergence of Parrondo’s paradox.

Keywords: Decision-making; Network synchronization; Parrondo’s paradox; Social dynamics (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:chsofr:v:168:y:2023:i:c:s0960077923000371

DOI: 10.1016/j.chaos.2023.113136

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