We present an experimental and simulated model of a multi-agent stock market driven by a double auction order matching mechanism. Studying the effect of cumulative information on the performance of traders, we find a non monotonic relationship of net returns of traders as a function of...

Understanding the complexity of human language requires an appropriate analysis of the statistical distribution of words in texts. We consider the information retrieval problem of detecting and ranking the relevant words of a text by means of statistical information referring to the spatial use...

We study how statistical complexity depends on the system size and how the complexity of the whole system relates to the complexity of its subsystems. We study this size dependence for two well-known complexity measures, the excess entropy of Grassberger and the neural complexity introduced by...

We study the temporal evolutions of three stock markets; Standard and Poor's 500 index, Nikkei 225 Stock Average, and the Korea Composite Stock Price Index. We observe that the probability density function of the log-return has a fat tail but the tail index has been increasing continuously in...

We introduce a new mechanism—the forget-remember mechanism into the spreading process. Equipped with such a mechanism an individual is prone to forget the “message" received and remember the one forgotten, namely switching his state between active (with message) and inactive (without...

We present an experimental and simulated model of a multi-agent stock market driven by a double auction order matching mechanism. Studying the effect of cumulative information on the performance of traders, we find a non monotonic relationship of net returns of traders as a function of...

In this paper we examine a number of methods for probing and understanding the large-scale structure of networks that evolve over time. We focus in particular on citation networks, networks of references between documents such as papers, patents, or court cases. We describe three different...

Closed-loop or feedback controlled ratchets are Brownian motors that operate using information about the state of the system. For these ratchets, we compute the power output and we investigate its relation with the information used in the feedback control. We get analytical expressions for...

Kelly criterion, that maximizes the expectation value of the logarithm of wealth for bookmaker bets, gives an advantage over different class of strategies. We use projective symmetries for a explanation of this fact. Kelly's approach allows for an interesting financial interpretation of the...

This contribution is based on the contents of a talk delivered at the Next-SigmaPhi conference held in Crete in August 2005. It is adressed to an audience of physicists with diverse horizons and does not assume any background in communications theory. Capacity approaching error correcting codes...