Self-Excited Ising Game
arXiv:2005.09735 · doi:10.1016/j.physa.2020.125305
Abstract
Effects of dynamical activity spillover in a noisy binary choice game (Ising game) on a complete graph are studied. Binary choice games are very important for both economics and statistical physics playing a role of the bridge between these two fields. In this paper we investigate the effects of self-excited activity induced by activity spillover on relaxation to equilibria and transitions between metastable equilibria at finite times. Using the formalism of master equations we show that both relaxation and interequilibria transitions at finite time are accelerated by the effects of activity spillover.
arXiv comment12 pages
References in corpus (6)
- Crises and collective socio-economic phenomena: simple models and challenges
- The Escape Problem for Irreversible Systems
- Critical reflexivity in financial markets: a Hawkes process analysis
- Non-universal power law distribution of intensities of the self-excited Hawkes process: a field-theoretical approach
- Hawkes Processes
- Quantal Response Equilibria in Binary Choice Games on Graphs