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cond-mat2002★ 1 cited
Crowd-Anticrowd Theory of Multi-Agent Minority Games
Michael L. Hart, Neil F. Johnson
We present a formal treatment of the Crowd-Anticrowd theory of Minority Games played by a population of competing agents. This theory is built around a description of the crowding…
cond-mat.dis-nn2002
Managing catastrophic changes in a collective
David Lamper, Paul Jefferies, Michael Hart +1
We address the important practical issue of understanding, predicting and eventually controlling catastrophic endogenous changes in a collective. Such large internal changes arise…
cond-mat.dis-nn2002
Crash Avoidance in a Complex System
Michael L. Hart, David Lamper, Neil F. Johnson
Complex systems can exhibit unexpected large changes, e.g. a crash in a financial market. We examine the large endogenous changes arising within a non-trivial generalization of the…