Statistical test of anarchy

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Interstate 5 stretches through California’s San Joaquin valley, straight and flat as far as the eye can see, giving drivers a unique opportunity to observe game theory in action. With only two lanes in each direction, most cars stay in the left lane, zipping past the slow moving trucks, which keep to the right. Every so often, an impatient truck driver lumbers into the left lane, blockading the...

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Internet users, auction bidders, and stock buyers are examples of agents who are selfishly trying to maximize their own benefit without necessarily caring the global objective of the underlying game such as the overall load on the network or the overall satisfaction of agents. How does these two points of view (agents vs. global) correlate? How much does the society suffer by the lack of coordi...

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ژورنال

عنوان ژورنال: Physics Letters B

سال: 2003

ISSN: 0370-2693

DOI: 10.1016/j.physletb.2003.08.045