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Resource allocation takes place in various types of real-world complex systems such as urban traffic, social services institutions, economical and ecosystems. Mathematically, the dynamical process of resource allocation can be

Resource allocation takes place in various types of real-world complex systems such as urban traffic, social services institutions, economical and ecosystems. Mathematically, the dynamical process of resource allocation can be modeled as minority games. Spontaneous evolution of the resource allocation dynamics, however, often leads to a harmful herding behavior accompanied by strong fluctuations in which a large majority of agents crowd temporarily for a few resources, leaving many others unused.

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    Date Created
    • 2016-02-17
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  • Text
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    Identifier
    • Digital object identifier: 10.1038/srep20925
    • Identifier Type
      International standard serial number
      Identifier Value
      2045-2322
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    Zhang, J., Huang, Z., Wu, Z., Su, R., & Lai, Y. (2016). Controlling herding in minority game systems. Scientific Reports, 6(1). doi:10.1038/srep20925

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