Multi-Agent Systems

Large language model (LLM) agents are increasingly organized into multi-agent systems for complex reasoning and decision-making tasks. However, scaling such systems can substantially increase inference cost, especially when multiple agents repeatedly process overlapping or role-irrelevant context. Many existing multi-agent frameworks focus on orchestration and role specialization, but still rely on full-context sharing or static context routing, leading to redundant token consumption, increased runtime, and inefficient memory utilization. We present Role-Conditioned Context Routing (RCR), an execution-time layer that allocates role-relevant shared-memory items to agents under token budgets. Given a structured shared memory and a set of role-specialized agents, RCR selectively routes task-relevant memory items to each agent according to its role, optional task-stage metadata, and token budget. RCR integrates role-conditioned relevance scoring, token-budgeted memory selection, and iterative memory updates to reduce redundant context exposure during multi-agent execution. Experiments on multi-hop QA, embodied reasoning (ALFWorld), and web-based decision-making (WebShop) show that RCR reduces token usage by 35% on average and runtime by 38% on average relative to Full-Context, while maintaining or improving task performance.

In financial trading, large language model (LLM)-based agents demonstrate significant potential, but their decisions can be sensitive to noisy and non-stationary market information. We propose ContestTrade, a multi-agent trading system with an internal competitive mechanism inspired by institutional investment workflows. The system consists of two specialized teams: (1) a Data Team that processes and condenses massive market data into diversified textual factors optimized for constrained LLM context windows, and (2) a Research Team that produces parallelized multipath trading decisions via tool-augmented deep research. The core design is a "Quantify-Predict-Allocate" contest mechanism within each team: agent outputs are scored only after market outcomes become observable, future utility is predicted from historical scores, and resources are allocated to agents with positive predicted utility. In a post-2024 A-share backtest, ContestTrade achieves higher backtested return and risk-adjusted performance than the evaluated baselines. We further describe the temporal protocol, implementation choices, and limitations to clarify the scope of these results.

Artificial intelligence and robotic systems are increasingly deployed as interacting collectives of learning agents. This raises the question of whether robotic matter, where many learning agents interact, shows the emergence of collective behaviour. Here we study a paradigmatic model of robotic matter and show the emergence of a range of complex, collective behaviours. Specifically, we study systems composed of stochastic interacting particles, each endowed with a deep neural network that optimises transitions based on its environment. In a one-dimensional system, we show that robotic matter exhibits complex phenomena arising from emergent interactions, including self-organisation into distinct temporal learning regimes, particle species, and long-lived frustrated states with suboptimal reward. We further identify an abrupt, density-dependent change in collective behaviour. Active matter theory suggests that this phenomenon reflects a phase transition with signatures of criticality. Our results establish robotic matter as a platform for novel non-equilibrium physics.

Classical game-theoretic models typically assume rational agents, complete information, and common knowledge of payoffs - assumptions that are often violated in real-world MAS characterized by uncertainty, misaligned perceptions, and nested beliefs. To overcome these limitations, researchers have proposed extensions that incorporate models of cognitive constraints, subjective beliefs, and heterogeneous reasoning. Among these, hypergame theory extends the classical paradigm by explicitly modeling agents' subjective perceptions of the strategic scenario, known as perceptual games, in which agents may hold divergent beliefs about the structure, payoffs, or available actions. We present a systematic review of agent-compatible applications of hypergame theory, examining how its descriptive capabilities have been adapted to dynamic and interactive MAS contexts. We analyze 49 selected studies from cybersecurity, robotics, social simulation, communications, and general game-theoretic modeling. Building on a formal introduction to hypergame theory and its two major extensions - hierarchical hypergames and HNF - we develop agent-compatibility criteria and an agent-based classification framework to assess integration patterns and practical applicability. Our analysis reveals prevailing tendencies, including the prevalence of hierarchical and graph-based models in deceptive reasoning and the simplification of extensive theoretical frameworks in practical applications. We identify structural gaps, including the limited adoption of HNF-based models, the lack of formal hypergame languages, and unexplored opportunities for modeling human-agent and agent-agent misalignment. By synthesizing trends, challenges, and open research directions, this review provides a new roadmap for applying hypergame theory to enhance the realism and effectiveness of strategic modeling in dynamic multi-agent environments.

Collaborative agentic AI is projected to transform entire industries by enabling AI-powered agents to autonomously perceive, plan, and act within digital environments. Yet, current solutions in this field are all built in isolation, and we are rapidly heading toward a landscape of fragmented, incompatible ecosystems. In this position paper, we argue that interoperability, achieved by the adoption of minimal standards, is essential to ensure open, secure, web-scale, and widely-adopted agentic ecosystems. To this end, we devise a minimal architectural foundation for collaborative agentic AI, named Web of Agents, which is composed of four building blocks: agent-to-agent messaging, interaction interoperability, state management, and agent discovery. Web of Agents adopts existing standards and reuses existing infrastructure where possible. With Web of Agents, we take the first but critical step toward interoperable agentic systems and offer a pragmatic path forward before ecosystem fragmentation becomes the norm.

One of today's most pressing societal challenges is building AI systems whose behaviour, or the behaviour it enables within communities of interacting human and artificial agents, aligns with relevant human values. To address this challenge, we propose a formal computational framework for representing human values that provides the foundational structures required for value-aware reasoning in multi-agent systems. To our knowledge, this has not been attempted as yet, which is surprising given the growing volume of research integrating human values into AI systems. Taking as our starting point the wealth of research in human values from the field of social psychology, we set out to provide a formal model which captures value relations, value importance, and computational semantics in order to support the evaluation of behaviour with respect to values and the development of value-aware decision-making mechanisms in agent-based systems. We demonstrate how the model supports the evaluation of behaviour in terms of value alignment across a real-world scenario, establishing a bridge between abstract human values and concrete agent behaviour. We illustrate how our model captures key concepts from social psychology research and outline a roadmap for incorporating values as first-class constructs in multi-agent systems.

We consider open multi-agent systems, which are systems subject to frequent arrivals and departures of agents while the studied process takes place. We study the behavior of all-to-all pairwise gossip interactions in such open systems. Arrivals and departures of agents imply that the composition and size of the system evolve with time, and in particular prevent convergence. We describe the expected behavior of the system by showing that the evolution of scale-independent quantities can be characterized exactly by fixed-size linear dynamical systems that correspond to Markov processes with states of potentially unbounded dimension. For this purpose we develop a general methodology that could be applicable to larger classes of models. We apply this approach to characterize the evolution of the two first moments (and thus also of a variance-like measure of disagreement) for open systems of fixed and variable size.

Artificial Intelligence (AI) started out with the ambition to reproduce the human mind, but as soon as the sheer scale of that ambition became apparent, it retreated into either studying specialized intelligent behaviours or proposing overarching architectural concepts for interfacing specialized intelligent components---conceived of as agents acting through organizational structures. The agent-based modelling paradigm proved to have interesting applications beyond the original domain, supporting the understanding, simulation, and the assessment of behaviour of socio-economic and legal structures on an aggregate level. Looking at contemporary AI, whereas text completion provides a successful example of specialized behaviour, surprisingly little of the rich foundation of multi-agent systems (MAS) and normative systems research is currently reflected in Agentic AI systems. Addressing this gap, the chapter examines cross-cutting conceptualisations, modelling problems, and design challenges shared by large-scale distributed AI and institutional systems. Three main contributions can be highlighted. First, by tracing the historical trajectory of AI, the chapter identifies an ecological perspective on intelligence, examining both the value and limits of the compression-as-intelligence hypothesis. Second, it shows how moving between internal cognitive mechanisms and external manifestations of agency supports a functional separation of concerns for both individual and collective agency. Third, it argues that epistemological, normative, and value pluralisms are necessary conditions for sustaining the ecological character of intelligence. Furthermore, we indicate how AI techniques can support institutions by modelling social roles, simulating normative interactions, detecting and diagnosing failures, and supporting procedures of review and revision.