Evolutionary minority game with heterogeneous strategy distribution

Authors
Lo, TS Lim, SW Hui, PM Johnson, NF
Citation
Ts. Lo et al., Evolutionary minority game with heterogeneous strategy distribution, PHYSICA A, 287(1-2), 2000, pp. 313-320
Citations number
26
Categorie Soggetti
Physics
Journal title
PHYSICA A
ISSN journal
03784371 → ACNP
Volume
287
Issue
1-2
Year of publication
2000
Pages
313 - 320
Database
ISI
SICI code
0378-4371(20001115)287:1-2<313:EMGWHS>2.0.ZU;2-T
Abstract
We present detailed numerical results for a modified form of the so-called Minority Game, which provides a simplified model of a competitive market. E ach agent has a limited set of strategics, and competes to be in a minority . An evolutionary rule for strategy modification is included to mimic simpl e learning. The results can be understood by considering crowd formation wi thin the population. (C) 2000 Elsevier Science B.V. All rights reserved.