Publication: Disassortative Mixing and Systemic Rational Behaviour: How System Rationality Is Influenced by Topology and Placement in Networked Systems
Type:
Article
Date
2022-09-12
Journal Title
Journal ISSN
Volume Title
Publisher
MDPI
Abstract
Interdependent decisionmaking of individuals in social systems can be modelled by games
played on complex networks. Players in such systems have bounded rationality, which influences the
computation of equilibrium solutions. It has been shown that the ‘system rationality’, which indicates
the overall rationality of a network of players, may play a key role in the emergence of scale-free
or core-periphery topologies in real-world networks. In this work, we identify optimal topologies
and mixing patterns of players which can maximise system rationality. Based on simulation results,
we show that irrespective of the placement of nodes with higher rationality, it is the disassortative
mixing of node rationality that helps to maximize system rationality in a population. In other words,
the findings of this work indicate that the overall rationality of a population may improve when
more players with non-similar individual rationality levels interact with each other. We identify
particular topologies such as the core-periphery topology, which facilitates the optimisation of system
rationality. The findings presented in this work may have useful interpretations and applications in
socio-economic systems for maximizing the utility of interactions in a population of strategic players.
Description
Keywords
bounded rationality, assortativity, evolutionary games, network science
Citation
: Kasthurirathna, D. ; Ratnayake, P.; Piraveenan, M. Disassortative Mixing and Systemic Rational Behaviour: How System Rationality Is Influenced by Topology and Placement in Networked Systems. Mathematics 2022, 10, 3307. https://doi.org/10.3390/math10183307
