Description

Dynamical systems based on the minority game (MG) have been a paradigm for gaining significant insights into a variety of social and biological behaviors. Recently, a grouping phenomenon has been unveiled in MG systems of multiple resources (strategies) in which

Dynamical systems based on the minority game (MG) have been a paradigm for gaining significant insights into a variety of social and biological behaviors. Recently, a grouping phenomenon has been unveiled in MG systems of multiple resources (strategies) in which the strategies spontaneously break into an even number of groups, each exhibiting an identical oscillation pattern in the attendance of game players. Here we report our finding of spontaneous breakup of resources into three groups, each exhibiting period-three oscillations. An analysis is developed to understand the emergence of the striking phenomenon of triple grouping and period-three oscillations. In the presence of random disturbances, the triple-group/period-three state becomes transient, and we obtain explicit formula for the average transient lifetime using two methods of approximation. Our finding indicates that, period-three oscillation, regarded as one of the most fundamental behaviors in smooth nonlinear dynamical systems, can also occur in much more complex, evolutionary-game dynamical systems. Our result also provides a plausible insight for the occurrence of triple grouping observed, for example, in the U.S. housing market.

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Title
  • Triple Grouping and Period-Three Oscillations in Minority-Game Dynamics
Contributors
Date Created
2014-12-23
Resource Type
  • Text
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    Identifier
    • Digital object identifier: 10.1103/PhysRevE.90.062917
    • Identifier Type
      International standard serial number
      Identifier Value
      2470-0053
    • Identifier Type
      International standard serial number
      Identifier Value
      2470-0045
    Note
    • Copyright 2014 by the American Physical Society. View the article as published at http://dx.doi.org/10.1103/PhysRevE.90.062917

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    This is a suggested citation. Consult the appropriate style guide for specific citation guidelines.

    Dong, Jia-Qi, Huang, Zi-Gang, Huang, Liang, & Lai, Ying-Cheng (2014). Triple grouping and period-three oscillations in minority-game dynamics. PHYSICAL REVIEW E, 90(6), 062917. http://dx.doi.org/10.1103/PhysRevE.90.062917

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