Cascades of Dynamical Transitions in an Adaptive Population

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dc.creatorYang, H. M.
dc.creatorTing, Y. S.
dc.creatorWong, K. Y. Michael
dc.date2006-09-26
dc.date.accessioned2026-07-07T12:07:52Z
dc.date.available2026-07-07T12:07:52Z
dc.descriptionIn an adaptive population which models financial markets and distributed control, we consider how the dynamics depends on the diversity of the agents' initial preferences of strategies. When the diversity decreases, more agents tend to adapt their strategies together. This change in the environment results in dynamical transitions from vanishing to non-vanishing step sizes. When the diversity decreases further, we find a cascade of dynamical transitions for the different signal dimensions, supported by good agreement between simulations and theory. Besides, the signal of the largest step size at the steady state is likely to be the initial signal.
dc.description4 pages, 8 figures
dc.identifierhttps://arxiv.org/abs/physics/0609230
dc.identifierhttp://arxiv.org/abs/physics/0609230
dc.identifier.urihttp://salesiana.dossiersoluciones.com/handle/123456789/209126
dc.subjectPhysics and Society
dc.subjectGeneral Finance
dc.titleCascades of Dynamical Transitions in an Adaptive Population
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