An introduction to collective intelligence

DH Wolpert, K Tumer - arxiv preprint cs/9908014, 1999 - arxiv.org
This paper surveys the emerging science of how to design a``COllective
INtelligence''(COIN). A COIN is a large multi-agent system where:(i) There is little to no …

Statistical mechanics of competitive resource allocation using agent-based models

A Chakraborti, D Challet, A Chatterjee, M Marsili… - Physics Reports, 2015 - Elsevier
Demand outstrips available resources in most situations, which gives rise to competition,
interaction and learning. In this article, we review a broad spectrum of multi-agent models of …

A survey of collectives

K Tumer, D Wolpert - Collectives and the design of complex systems, 2004 - Springer
Due to the increasing sophistication and miniaturization of computational components,
complex, distributed systems of interacting agents are becoming ubiquitous. Such systems …

Complexity of Random Energy Landscapes, Glass Transition, and Absolute Value<? format?> of the Spectral Determinant of Random Matrices

YV Fyodorov - Physical review letters, 2004 - APS
Finding the mean of the total number N tot of stationary points for N-dimensional random
energy landscapes is reduced to averaging the absolute value of the characteristic …

Statistical mechanics of systems with heterogeneous agents: Minority games

D Challet, M Marsili, R Zecchina - Physical Review Letters, 2000 - APS
We study analytically a simple game theoretical model of heterogeneous interacting agents.
We show that the stationary state of the system is described by the ground state of a …

Stylized facts of financial markets and market crashes in minority games

D Challet, M Marsili, YC Zhang - Physica A: Statistical Mechanics and its …, 2001 - Elsevier
We present and study a Minority Game based model of a financial market where adaptive
agents—the speculators—interact with deterministic agents—called producers. Speculators …

Bubbles, crashes and intermittency in agent based market models

I Giardina, JP Bouchaud - The European Physical Journal B-Condensed …, 2003 - Springer
We define and study a rather complex market model, inspired from the Santa Fe artificial
market and the Minority Game. Agents have different strategies among which they can …

Thermal model for adaptive competition in a market

A Cavagna, JP Garrahan, I Giardina, D Sherrington - Physical Review Letters, 1999 - APS
New continuous and stochastic extensions of the minority game, devised as a fundamental
model for a market of competitive agents, are introduced and studied in the context of …

From minority games to real markets

D Challet, A Chessa, M Marsili, YC Zhang - 2001 - Taylor & Francis
We address the question of market efficiency using the Minority Game (MG) model. First we
show that removing unrealistic features of the MG leads to models which reproduce a …

Experimental econophysics: Complexity, self-organization, and emergent properties

JP Huang - Physics Reports, 2015 - Elsevier
Experimental econophysics is concerned with statistical physics of humans in the laboratory,
and it is based on controlled human experiments developed by physicists to study some …