Emergence of Cooperative Long-Term Market Loyalty in Double Auction Markets
- Submitting institution
-
King's College London
- Unit of assessment
- 11 - Computer Science and Informatics
- Output identifier
- 86995434
- Type
- D - Journal article
- DOI
-
10.1371/journal.pone.0154606
- Title of journal
- PL o S One
- Article number
- 0154606
- First page
- 1
- Volume
- 11
- Issue
- 4
- ISSN
- 1932-6203
- Open access status
- Compliant
- Month of publication
- April
- Year of publication
- 2016
- URL
-
-
- Supplementary information
-
-
- Request cross-referral to
- -
- Output has been delayed by COVID-19
- No
- COVID-19 affected output statement
- -
- Forensic science
- No
- Criminology
- No
- Interdisciplinary
- No
- Number of additional authors
-
3
- Research group(s)
-
-
- Citation count
- 3
- Proposed double-weighted
- No
- Reserve for an output with double weighting
- No
- Additional information
- This paper proposes and studies a novel formal mathematical model for dynamic phenomena observed in marketplaces and in biology, where two or more populations incrementally co-adapt or co-evolve in response to each other's adaptation or evolution, with both populations self-sorting into parallel segments. The work is a rigorous mathematical treatment of phenomena that had only previously been studied via simulation modelling. It shows that the phenomenon is not due to chance, but is governed by principled causal dynamics. The work has potential applications in understanding biological ecosystems and to the design of online marketplaces.
- Author contribution statement
- -
- Non-English
- No
- English abstract
- -