Hart, Michael L; Lamper, David; Johnson, Neil F - In: Physica A: Statistical Mechanics and its Applications 316 (2002) 1, pp. 649-661
Complex systems can exhibit unexpected large changes, e.g. a crash in a financial market. We examine the large endogenous changes arising within a non-trivial generalization of the minority game: the grand canonical minority game. Using a Markov-Chain description, we study the many possible...