Phase transition in the Kolkata Paise Restaurant problem

Document Type

Book Chapter

Publication Title

New Economic Windows

Abstract

An important question in the study of social systems is how cooperation can emerge collectively from the individual self interests. Simplified mathematical models that already assume simple automatic responses of individuals to stimuli can reproduce non-trivial effects in the observed behavior. Statistical mechanics has been applied to coarse-grained models of physical systems in order to connect the microscopic dynamics with the macroscopic behavior.

First Page

17

Last Page

29

DOI

10.1007/978-3-319-61352-9_3

Publication Date

1-1-2017

Comments

Open Access, Green

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