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Happier world with more information

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  • Zhang, Yi-Cheng

Abstract

We explore the consequences of incomplete information in the stable marriage problem. When information capacity of the participants is increased, more favorable games are created and the quality of the matches are also better. The simple model serves as a metaphor for a world with ever more computing power that leads to more positive inter-personal interactions and of higher quality.

Suggested Citation

  • Zhang, Yi-Cheng, 2001. "Happier world with more information," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 299(1), pages 104-120.
    • Handle: RePEc:eee:phsmap:v:299:y:2001:i:1:p:104-120
    DOI: 10.1016/S0378-4371(01)00278-3
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    Citations

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    Cited by:

    1. Tilles, Paulo F.C. & Ferreira, Fernando F. & Francisco, Gerson & Pereira, Carlos de B. & Sarti, Flavia M., 2011. "A Markovian model market—Akerlof’s lemons and the asymmetry of information," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 390(13), pages 2562-2570.
    2. Shi, Gui-Yuan & Kong, Yi-Xiu & Liao, Hao & Zhang, Yi-Cheng, 2016. "Analysis of ground state in random bipartite matching," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 444(C), pages 397-402.
    3. André Veski & Kaire Põder, 2018. "Zero-intelligence agents looking for a job," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 13(3), pages 615-640, October.
    4. Fenoaltea, Enrico Maria & Baybusinov, Izat B. & Na, Xu & Zhang, Yi-Cheng, 2022. "A local interaction dynamic for the matching problem," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 604(C).
    5. Liao, Hao & Xiao, Rui & Chen, Duanbing & Medo, Matúš & Zhang, Yi-Cheng, 2014. "Firm competition in a probabilistic framework of consumer choice," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 400(C), pages 47-56.
    6. Laureti, Paolo & Slanina, František & Yu, Yi-Kuo & Zhang, Yi-Cheng, 2002. "Buyer feedback as a filtering mechanism for reputable sellers," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 316(1), pages 413-429.
    7. Medo, Matúš & Zhang, Yi-Cheng, 2008. "Market model with heterogeneous buyers," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 387(12), pages 2889-2908.
    8. Yi-Xiu Kong & Guang-Hui Yuan & Lei Zhou & Rui-Jie Wu & Gui-Yuan Shi, 2018. "Competition May Increase Social Utility in Bipartite Matching Problem," Complexity, Hindawi, vol. 2018, pages 1-7, November.

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