Publication | Open Access
Competition-Driven Network Dynamics: Emergence of a Scale-Free Leadership Structure and Collective Efficiency
129
Citations
16
References
2004
Year
Game TheoryNetwork AnalysisEducationCommunicationScale-free NetworkNetwork DynamicNetwork EvolutionNon-cooperative Game TheoryNetwork GameManagementMechanism DesignScale-free Leadership StructureCollective EfficiencySocial Network AnalysisMinority GameEconomics Of NetworkGlobal EvolutionInfluence NetworkLeadershipNetworked OrganizationNetwork ScienceCompetition-driven Network DynamicsBusinessCooperative Game TheoryGame Confrontation
Using the minority game as a model for competition dynamics, we investigate the effects of interagent communications across a network on the global evolution of the game. Agent communication across this network leads to the formation of an influence network, which is dynamically coupled to the evolution of the game, and it is responsible for the information flow driving the agents' actions. We show that the influence network spontaneously develops hubs with a broad distribution of in-degrees, defining a scale-free robust leadership structure. Furthermore, in realistic parameter ranges, facilitated by information exchange on the network, agents can generate a high degree of cooperation making the collective almost maximally efficient.
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