Demand outstrips available resources in most situations, which gives rise to competition,
interaction and learning. In this article, we review a broad spectrum of multi-agent models of …

Experimental econophysics is concerned with statistical physics of humans in the laboratory,
and it is based on controlled human experiments developed by physicists to study some …

This book discusses the study and analysis of the physical aspects of social systems and
models, inspired by the analogy with familiar models of physical systems and possible …

In nature and human societies, the effects of homogeneous and heterogeneous
characteristics on the evolution of collective behaviors are quite different from each other. By …

We introduce the idea of a dining club to the Kolkata Paise Restaurant Problem. In this
problem, N agents choose (randomly) among N restaurants, but if multiple agents choose …

We study a resource utilization scenario characterized by intrinsic fitness. To describe the
growth and organization of different cities, we consider a model for resource utilization …

The Kolkata Restaurant Problem or more specifically the Kolkata Paise Restaurant (KPR)
problem is a repetitive many-choice and many-agent game where the players collectively …

The formation of an efficient market depends on the competition between different
investment strategies, which accelerates all available information into asset prices. By …

Ji-Ping Huang Properties and Mechanisms of Laboratory Markets Page 1 New Economic
Windows Ji-Ping Huang Experimental Econophysics Properties and Mechanisms of …

Contemporary mainstream economics has become concerned less with describing reality
than with an idealised version of the world. However, reality refuses to bend to the desire for …