Maximise Global Gain in the Minority Game

Liaw, Sy-Sang

doi:10.1155/2009/410950

Cited by 3 publications

(2 citation statements)

References 16 publications

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“…In the minority game [10], introducing a small proportion of fixed agents -i.e. agents that always choose the same optioninduces a global change in the population behavior, leading to an increase of the overall gain [11,12]. In the voter model, a finite density of voters that never change opinion can prevent consensus to be reached [13].On the second point, altruism is a major topic in evolutionary biology and economics [14][15][16].…”

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Giant Catalytic Effect of Altruists in Schelling’s Segregation Model

et al. 2018

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We study the effect of introducing altruistic agents in a Schelling-like model of residential segregation. We find that even an infinitesimal proportion of altruists has dramatic catalytic effects on the collective utility of the system. Altruists provide pathways that move the system away from the suboptimal equilibrium it would reach if the system included only egoist agents, allowing it to reach the optimal steady state.

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Giant Catalytic Effect of Altruists in Schelling’s Segregation Model

et al. 2018

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“…They find that on average, subjects with high numbers of road changes received less money than participants who stoically chose the same road. Liaw (2009) apply the mechanism of MG to a two-road traffic system to maximize traffic flow.…”

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confidence: 99%

Intelligent decision-making model based on minority game for resource allocation in cloud manufacturing

Carlucci

Renna

Materi

et al. 2020

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PurposeThis paper proposes a model based on minority game (MG) theory to support the decision-making regarding the efficient allocation and exploitation of resources/services among the partners of a cloud manufacturing (CMfg) system. CMfg system is a new manufacturing paradigm to share manufacturing capabilities and resources on a cloud platform. The use of a decision model to organize and manage the resources and services provided by the autonomous participants of a CMfg has crucial relevance for the system's effectiveness and efficiency.Design/methodology/approachThis research proposes a noncooperation model based on MG theory. The MG is designed to make decisions on the use of resources/services among the partners of CMfg with private information. A simulation environment was developed to test the efficiency of the proposed decision model. Moreover, an ideal decision model with complete information among the partners was used as a benchmark model.FindingsThe simulation results show how the application of the proposed MG model outperforms the MG model usually proposed in the literature. In particular, the proposed decision model based on private information has an efficiency closer to the ideal model with complete information among the partners of a CMfg.Originality/valueThis paper advances knowledge about the application of MG in the field of CMfg system. The proposed decision-making model based on MG is a promising approach to help enterprises, and especially small and medium enterprises, to participate in CMfg initiatives and to develop their business.

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THE CONCISE GUIDE TO PHARMACOLOGY 2017/18: G protein‐coupled receptors

Alexander

Christopoulos

Davenport

et al. 2017

British J Pharmacology

740

655

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The Concise Guide to PHARMACOLOGY 2017/18 provides concise overviews of the key properties of nearly 1800 human drug targets with an emphasis on selective pharmacology (where available), plus links to an open access knowledgebase of drug targets and their ligands (www.guidetopharmacology.org), which provides more detailed views of target and ligand properties. Although the Concise Guide represents approximately 400 pages, the material presented is substantially reduced compared to information and links presented on the website. It provides a permanent, citable, point-in-time record that will survive database updates. The full contents of this section can be found at http://onlinelibrary.wiley.com/doi/10.1111/bph.13878/full. G protein-coupled receptors are one of the eight major pharmacological targets into which the Guide is divided, with the others being: ligand-gated ion channels, voltage-gated ion channels, other ion channels, nuclear hormone receptors, catalytic receptors, enzymes and transporters. These are presented with nomenclature guidance and summary information on the best available pharmacological tools, alongside key references and suggestions for further reading. The landscape format of the Concise Guide is designed to facilitate comparison of related targets from material contemporary to mid-2017, and supersedes data presented in the 2015/16 and 2013/14 Concise Guides and previous Guides to Receptors and Channels. It is produced in close conjunction with the Nomenclature Committee of the Union of Basic and Clinical Pharmacology (NC-IUPHAR), therefore, providing official IUPHAR classification and nomenclature for human drug targets, where appropriate. Conflict of interestThe authors state that there are no conflicts of interest to declare.

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Maximise Global Gain in the Minority Game

Abstract: We find a simple, partially altruistic mechanism that can increase global gain for a community of selfish agents. The mechanism is implied in the phenomena found in the minority game. We apply the mechanism to a two-road traffic system to maximise traffic flow.

Cited by 3 publications

References 16 publications

Giant Catalytic Effect of Altruists in Schelling’s Segregation Model

Giant Catalytic Effect of Altruists in Schelling’s Segregation Model

Intelligent decision-making model based on minority game for resource allocation in cloud manufacturing

THE CONCISE GUIDE TO PHARMACOLOGY 2017/18: G protein‐coupled receptors

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