dorsal/arxiv
View SchemaMinority game with local interactions due to the presence of herding behavior
| Authors | Daniel Oliveira Cajueiro, Reinaldo Soares De Camargo |
|---|---|
| Categories | |
| ArXiv ID | physics/0512087 |
| URL | https://arxiv.org/abs/physics/0512087 |
Abstract
In this paper, we introduce a framework to study local interactions due to the presence of herding behavior in a minority game. The idea behind this approach is to consider that some of the agents who play the game believe that some of their neighbors are more informed than themselves. Thus, in this way, these agents imitate their most informed neighbors. The notion of neighborhood here is given by a regular network, a random network or a small world network. We show that under herding behavior the cooperation between the agents is less efficient than that one which arises in the standard minority game. On the other hand, depending on the topology of the network, we show that that the well known curve volatility versus memory, which caracterizes the minority game, is a monotone decreasing curve.
{
"annotation_id": "d3c5c839-c7af-4621-a550-b1daa31c7a85",
"date_created": "2026-03-02T18:01:04.350000Z",
"date_modified": "2026-03-02T18:01:04.350000Z",
"file_hash": "90da4470cca84dcf14a452f2bba0c6323a631a2019577e6a0e3d3d3bb8e8979e",
"private": false,
"record": {
"abstract": "In this paper, we introduce a framework to study local interactions due to\nthe presence of herding behavior in a minority game. The idea behind this\napproach is to consider that some of the agents who play the game believe that\nsome of their neighbors are more informed than themselves. Thus, in this way,\nthese agents imitate their most informed neighbors. The notion of neighborhood\nhere is given by a regular network, a random network or a small world network.\nWe show that under herding behavior the cooperation between the agents is less\nefficient than that one which arises in the standard minority game. On the\nother hand, depending on the topology of the network, we show that that the\nwell known curve volatility versus memory, which caracterizes the minority\ngame, is a monotone decreasing curve.",
"arxiv_id": "physics/0512087",
"authors": [
"Daniel Oliveira Cajueiro",
"Reinaldo Soares De Camargo"
],
"categories": [
"physics.comp-ph"
],
"title": "Minority game with local interactions due to the presence of herding behavior",
"url": "https://arxiv.org/abs/physics/0512087"
},
"schema_id": "dorsal/arxiv",
"source": {
"execution_id": "a94b6b35-2a3e-4789-9ec2-73929ed3a6b0",
"id": "arXiv Dataset IDs",
"type": "Model",
"variant": "snapshot-2026-03-01",
"version": "0.1.0"
},
"user_id": 1000002
}