To study the interplay between global market choice and local peer pressure, we construct a minority-game-like econophysical model. In this so-called networked minority game model, every selfish player uses both the historical minority choice of the population and the historical choice of one's...

The waiting time distribution between successive events and the unified scaling law is studied using the coherent noise model. It is shown that, although this model generates uncorrelated event sizes and does not exhibit criticality, it still provides the unified scaling law. We argue the role...

We show that deterministic systems with strong nonlinearities seem to be more appropriate to model sandpiles than stochastic systems or deterministic systems in which discontinuities are the only nonlinearity. In particular, we are able to reproduce the breakdown of self-organized criticality...

We review several theoretical and experimental methods of modeling and investigating granular matter far from equilibrium. The theoretical methods include an extension of the classical Boltzmann equation to inelastic gases, scalar internal degrees of freedom, and Hamiltonian-like grain–grain...

In this paper, we analyse the response of music and book sales to an external field and a buyer herding. We distinguish endogenous and exogenous shocks. We focus on some case studies, whose data have been collected from ranking on amazon.com. We show that an ensemble of equivalent systems...

The colony patterns of Bacillus circulans on agar medium were experimentally investigated to study about the growth mode transition. From the optical microscopic observation, the bacteria distribute inside the medium, that is, the colony grows three-dimensionally (3D) in the soft agar condition...

The distribution of property is established through various mechanisms. In this paper we study the acreage distribution of land plots owned by natural persons in the Zlín Region of the Czech Republic. We show that the data are explained in terms of a simple model in which the inheritance and...

We study the efficacy of allelomimesis as an escape strategy of mobile agents (pedestrians) that aim to leave a two-exit room within the shortest possible time. Allelomimesis is the act of copying one’s kindred neighbors. To escape, an agent employs one of the following strategies: (1) It...

Recent literature has developed the conjecture that important statistical features of stock price series, such as the fat tails phenomenon, may depend mainly on the market microstructure. This conjecture motivated us to investigate the roles of both the market microstructure and agent behavior...

A minority game whose strategies are given by probabilities p, is replaced by a ‘simplified’ version that makes no use of memories at all. Numerical results show that the corresponding distribution functions are indistinguishable. A related approach, using a random walk formulation, allows...