Crowd Effects in Competitive, Multi-Agent Populations and Networks

Neil F. Johnson, Sehyo C. Choe, Sean Gourley, Timothy Jarrett and Pak Ming Hui
Additional contact information
Neil F. Johnson: Oxford University
Sehyo C. Choe: Oxford University
Sean Gourley: Oxford University
Timothy Jarrett: Oxford University
Pak Ming Hui: Chinese University of Hong Kong

A chapter in Nonlinear Dynamics and Heterogeneous Interacting Agents, 2005, pp 55-70 from Springer

Abstract: Summary We discuss a crowd-based theory for describing the collective dynamical behavior of a population of competitive agents in a model market setting. This Crowd-Anticrowd theory, which incorporates the strong correlations between agents' strategies, provides a quantitative description of the fluctuations in the excess demand of this model.

Keywords: Excess Demand; Strategy Space; Crowd Effect; Virtual Point; Strategy Score (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnechp:978-3-540-27296-0_5

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DOI: 10.1007/3-540-27296-8_5

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