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Analysis

This paper investigates the Parallel Minority Game (PMG), a multi-agent model, and analyzes its phase transitions under different decision rules. It's significant because it explores how simple cognitive features at the agent level can drastically impact the large-scale critical behavior of the system, relevant to socio-economic and active systems. The study compares instantaneous and threshold-based decision rules, revealing distinct universality classes and highlighting the impact of thresholding as a relevant perturbation.
Reference

Threshold rules produce a distinct non-mean-field universality class with β≈0.75 and a systematic failure of MF-DP dynamical scaling. We show that thresholding acts as a relevant perturbation to DP.