Evolution of imitation networks in Minority Game model

H. Lavička () and F. Slanina ()

The European Physical Journal B: Condensed Matter and Complex Systems, 2007, vol. 56, issue 1, 53-63

Abstract: The Minority Game is adapted to study the “imitation dilemma”, i.e. the tradeoff between local benefit and global harm coming from imitation. The agents are placed on a substrate network and are allowed to imitate more successful neighbours. Imitation domains, which are oriented trees, are formed. We investigate size distribution of the domains and in-degree distribution within the trees. We use four types of substrate: one-dimensional chain; Erdös-Rényi graph; Barabási-Albert scale-free graph; Barabási-Albert 'model A' graph. The behaviour of some features of the imitation network strongly depend on the information cost epsilon, which is the percentage of gain the imitators must pay to the imitated. Generally, the system tends to form a few domains of equal size. However, positive epsilon makes the system stay in a long-lasting metastable state with complex structure. The in-degree distribution is found to follow a power law in two cases of those studied: for Erdös-Rényi substrate for any epsilon and for Barabási-Albert scale-free substrate for large enough epsilon. A brief comparison with empirical data is provided. Copyright EDP Sciences/Società Italiana di Fisica/Springer-Verlag 2007

Keywords: 89.65.-s Social and economic systems; 05.40.-a Fluctuation phenomena; random processes; noise; and Brownian motion; 02.50.-r Probability theory; stochastic processes; and statistics (search for similar items in EconPapers)
Date: 2007
References: View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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DOI: 10.1140/epjb/e2007-00091-9

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