Paczuski2000

Self-organized network of competing boolean agents

M. Paczuski, K.E. Bassler, and A. Corral
Phys. Rev. Lett. 84, 3185-3188, 2000.

A model of Boolean agents competing in a market is presented where each agent bases his action on information obtained from a small group of other agents. The agents play a competitive game that rewards those in the minority. After a long time interval, the poorest player's strategy is changed randomly, and the process is repeated. Eventually the network evolves to a stationary but intermittent state where random mutation of the worst strategy can change the behavior of the entire network, often causing a switch in the dynamics between attractors of vastly different lengths.

This paper in PRL

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