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G. J. Rodgers

Publications and source records attributed to G. J. Rodgers.

At least 37 records · Page 2Linked to original sources

Growing Random Networks with Fitness

Three models of growing random networks with fitness dependent growth rates are analysed using the rate equations for the distribution of their connectivities. In the first model (A), a network is built by connecting incoming nodes to nodes of connectivity $k$ and random additive fitness $η$, with rate $(k-1)+ η$. For $η>0$ we find the connectivity distribution is power law with exponent $γ=<η>+2$. In the second model (B), the network is built by connecting nodes to nodes of connectivity $k$, random additive fitness $η$ and random multiplicative fitness $ζ$ with rate $ζ(k-1)+η$. This model also has a power law connectivity distribution, but with an exponent which depends on the multiplicative fitness at each node. In the third model (C), a directed graph is considered and is built by the addition of nodes and the creation of links. A node with fitness $(α, β)$, $i$ incoming links and $j$ outgoing links gains a new incoming link with rate $α(i+1)$, and a new outgoing link with rate $β(j+1)$. The distributions of the number of incoming and outgoing links both scale as power laws, with inverse logarithmic corrections.

cond-mat.stat-mech↗

Non-universal scaling and dynamical feedback in generalized models of financial markets

We study self-organized models for information transmission and herd behavior in financial markets. Existing models are generalized to take into account the effect of size-dependent fragmentation and coagulation probabilities of groups of agents and to include a demand process. Non-universal scaling with a tunable exponent for the group size distribution is found in the resulting system. We also show that the fragmentation and coagulation probabilities of groups of agents have a strong influence on the average investment rate of the system.

cond-mat.dis-nn↗

Degree Distributions of Growing Networks

The in-degree and out-degree distributions of a growing network model are determined. The in-degree is the number of incoming links to a given node (and vice versa for out-degree. The network is built by (i) creation of new nodes which each immediately attach to a pre-existing node, and (ii) creation of new links between pre-existing nodes. This process naturally generates correlated in- and out-degree distributions. When the node and link creation rates are linear functions of node degree, these distributions exhibit distinct power-law forms. By tuning the parameters in these rates to reasonable values, exponents which agree with those of the web graph are obtained.

cond-mat.stat-mech↗

Percolation and depinning transitions in cut-and-paste models of adaptation

We show that a cut-and-paste model to mimic a trial-and-error process of adaptation displays two pairs of percolation and depinning transitions, one for persistence and the other for efficiency. The percolation transition signals the onset of a property and the depinning transition, the growth of the same property. Despite its simplicity, the cut-and-paste model is qualitatively the same as the Minority Game. A majority cut-and-paste model is also introduced, to mimic the spread of a trend. When both models are iterated, the majority model reaches a frozen state while the minority model converges towards an alternate state. We show that a transition from the frozen to the alternate state occurs in the limit of a non-adaptive system.

cond-mat.stat-mech↗

Efficiency and persistence in models of adaptation

A cut-and-paste model which mimics a trial-and-error process of adaptation is introduced and solved. The model, which can be thought of as a diffusion process with memory, is characterized by two properties, efficiency and persistence. We establish a link between these properties and determine two transitions for each property, a percolation transition and a depinning transition. If the adaptation process is iterated, the antipersistent state becomes an attractor of the dynamics. Extensions to higher dimensions are briefly discussed.

cond-mat.stat-mech↗

Models for the size distribution of businesses in a price driven market

A microscopic model of aggregation and fragmentation is introduced to investigate the size distribution of businesses. In the model, businesses are constrained to comply with the market price, as expected by the customers, while customers can only buy at the prices offered by the businesses. We show numerically and analytically that the size distribution scales like a power-law. A mean-field version of our model is also introduced and we determine for which value of the parameters the mean-field model agrees with the microscopic model. We discuss to what extent our simple model and its results compare with empirical data on company sizes in the U.S. and debt sizes in Japan. Finally, possible extensions of the mean-field model are discussed, to cope with other empirical data.

nlin.AO↗

Bid distributions of competing agents in simple models of auctions

Models of auctions or tendering processes are introduced. In every round of bidding the players select their bid from a probability distribution and whenever a bid is unsuccessful, it is discarded and replaced. For simple models, the probability distributions evolve to a stationary power law with the exponent dependent only on the number of players. For most situations, the system converges towards a state where all players are identical. A number of variations of this model are introduced and the application of these models to the dynamics of market makers is discussed. The effect of price uncertainty on bid distributions is presented. An underlying market structure generates heterogenous agents which do not have power law bid distribution in general.

nlin.AO↗

Transition from coherence to bistability in a model of financial markets

We present a model describing the competition between information transmission and decision making in financial markets. The solution of this simple model is recalled, and possible variations discussed. It is shown numerically that despite its simplicity, it can mimic a size effect comparable to a crash. Two extensions of this model are presented that allow to simulate the demand process. One of these extensions has a coherent stable equilibrium and is self-organized, while the other has a bistable equilibrium, with a spontaneous segregation of the population of agents. A new model is introduced to generate a transition between those two equilibriums. We show that the coherent state is dominant up to an equal mixing of the two extensions. We focuss our attention on the microscopic structure of the investment rate, which is the main parameter of the original model. A constant investment rate seems to be a very good approximation.

nlin.AO↗

Strategy Selection in the Minority Game

We investigate the dynamics of the choice of an active strategy in the minority game. A history distribution is introduced as an analytical tool to study the asymmetry between the two choices offered to the agents. Its properties are studied numerically. It allows us to show that the departure from uniformity in the initial attribution of strategies to the agents is important even in the efficient market. Also, an approximate expression for the variance of the number of agents at one side in the efficient phase is proposed. All the analytical propositions are supported by numerical simulations of the system.

adap-org↗

Dimensional crossover in fragmentation

Experiments in which thick clay plates and glass rods are fractured have revealed different behavior of fragment mass distribution function in the small and large fragment regions. In this paper we explain this behavior using non-extensive Tsallis statistics and show how the crossover between the two regions is caused by the change in the fragments' dimensionality during the fracture process. We obtain a physical criterion for the position of this crossover and an expression for the change in the power law exponent between the small and large fragment regions. These predictions are in good agreement with the experiments on thick clay plates

cond-mat.soft↗

Tsallis Entropy and the transition to scaling in fragmentation

By using the maximum entropy principle with Tsallis entropy we obtain a fragment size distribution function which undergoes a transition to scaling. This distribution function reduces to those obtained by other authors using Shannon entropy. The treatment is easily generalisable to any process of fractioning with suitable constraints.

cond-mat.soft↗

Democracy versus Dictatorship in Self-Organized Models of Financial Markets

Models to mimic the transmission of information in financial markets are introduced. As an attempt to generate the demand process, we distinguish between dictatorship associations, where groups of agents rely on one of them to make decision, and democratic associations, where each agent takes part in the group decision. In the dictatorship model, agents segregate into two distinct populations, while the democratic model is driven towards a critical state where groups of agents of all sizes exist. Hence, both models display a level of organization, but only the democratic model is self-organized. We show that the dictatorship model generates less volatile markets than the democratic model.

adap-org↗

Diffusive Growth of a Single Droplet with Three Different Boundary Conditions

We study a single, motionless three-dimensional droplet growing by adsorption of diffusing monomers on a 2D substrate. The diffusing monomers are adsorbed at the aggregate perimeter of the droplet with different boundary conditions. Models with both an adsorption boundary condition and a radiation boundary condition, as well as a phenomenological model, are considered and solved in a quasistatic approximation. The latter two models allow particle detachment. In the short time limit, the droplet radius grows as a power of the time with exponents of 1/4, 1/2 and 3/4 for the models with adsorption, radiation and phenomenological boundary conditions, respectively. In the long time limit a universal growth rate as $[t/\ln(t)]^{1/3}$ is observed for the radius of the droplet for all models independent of the boundary conditions. This asymptotic behaviour was obtained by Krapivsky \cite{krapquasi} where a similarity variable approach was used to treat the growth of a droplet with an adsorption boundary condition based on a quasistatic approximation. Another boundary condition with a constant flux of monomers at the aggregate perimeter is also examined. The results exhibit a power law growth rate with an exponent of 1/3 for all times.

cond-mat.stat-mech↗

Exact Solution of a Model for Crowding and Information Transmission in Financial Markets

An exact solution is presented to a model that mimics the crowding effect in financial markets which arises when groups of agents share information. We show that the size distribution of groups of agents has a power law tail with an exponential cut-off. As the size of these groups determines the supply and demand balance, this implies heavy tails in the distribution of price variation. The moments of the distribution are calculated, as well as the kurtosis. We find that the kurtosis is large for all model parameter values and that the model is not self-organizing.

cond-mat.stat-mech↗

The Hamming Distance in the Minority Game

We investigate different versions of the minority game, a toy model for agents buying and selling a commodity. The Hamming distance between the strategies used by agents to take decisions is introduced as an analytical tool to determine several properties of these models. The success rate of the agents in an adaptive version of the game is compared with the rate from a stochastic version. It is shown numerically and analytically that the adaptive process is inefficient, increasing the success rate of the unused strategies while decreasing the success rate of the strategies used by the agents. The agents do not do as well as if they were forced to use only one strategy permanently. A version of the game in which the agents strategies evolve is also analyzed using the notion of distance. The agents evolve into a state in which they are all using one strategy, which is again the state that yields the maximum success rate.

adap-org↗

Three sided complex adaptative systems

We introduce two three sided adaptative systems as toy models to mimic the exchange of commodities between buyers and sellers. These models are simple extensions of the minority game, exhibiting similar behaviour as well as some new features. The main difference between our two models is that in the first the three sides are equivalent while in the second, one choice appears as a compromise between the two other sides. Both models are investigated numerically and compared with the original minority game.

adap-org↗

Stretched exponentials and power laws in granular avalanching

We introduce a model for granular avalanching which exhibits both stretched exponential and power law avalanching over its parameter range. Two modes of transport are incorporated, a rolling layer consisting of individual particles and the overdamped, sliding motion of particle clusters. The crossover in behaviour observed in experiments on piles of rice is attributed to a change in the dominant mode of transport. We predict that power law avalanching will be observed whenever surface flow is dominated by clustered motion.

cond-mat.stat-mech↗

A model of macroevolution with a natural system size

We describe a simple model of evolution which incorporates the branching and extinction of species lines, and also includes abiotic influences. A first principles approach is taken in which the probability for speciation and extinction are defined purely in terms of the fitness landscapes of each species. Numerical simulations show that the total diversity fluctuates around a natural system size $N_{\rm nat}$ which only weakly depends upon the number of connections per species. This is in agreement with known data for real multispecies communities. The numerical results are confirmed by approximate mean field analysis.

adap-org↗