Enhanced winnings in a mixed-ability population playing a minority game

Citation
Nf. Johnson et al., Enhanced winnings in a mixed-ability population playing a minority game, J PHYS A, 32(38), 1999, pp. L427-L431
Citations number
13
Categorie Soggetti
Physics
Journal title
JOURNAL OF PHYSICS A-MATHEMATICAL AND GENERAL
ISSN journal
03054470 → ACNP
Volume
32
Issue
38
Year of publication
1999
Pages
L427 - L431
Database
ISI
SICI code
0305-4470(19990924)32:38<L427:EWIAMP>2.0.ZU;2-5
Abstract
We study a mixed population of adaptive agents with small and large memorie s, competing in a minority game. If the agents are sufficiently adaptive, w e find that the average winnings per agent can exceed that obtainable in th e corresponding pure populations. In contrast to the pure population, the a verage success rate of the large-memory agents can be greater than 50%. The present results are not reproduced if the agents are fed a random history, thereby demonstrating the importance of memory in this system.