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cond-mat.dis-nn2005
Dynamics of adaptive agents with asymmetric information
Andrea De Martino, Tobias Galla
We apply path-integral techniques to study the dynamics of agent-based models with asymmetric information structures. In particular, we devise a batch version of a model proposed o…
cond-mat.dis-nn2005
On the interplay between fluctuations and efficiency in a model economy with heterogeneous adaptive consumers
Andrea De Martino, Matteo Marsili
We discuss the stationary states of a model economy in which heterogeneous adaptive consumers purchase commodity bundles repeatedly from sellers. The system undergoes a tra…