Abstract
A version of a minority game was studied in which one agent is allowed to join the game by random participation. The success rate of a number of randomly participating agents (RPA) in a population competing for limited resources was considered. It was shown that for small values of the memory size m of the agents in the population, the agent performs significantly well if she decides to participate the game randomly with a probability q. The results show that the winning edge of the agents persists for a finite fraction of randomly participating agents up to 60% of the population.
Original language | English (US) |
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Article number | 046120 |
Pages (from-to) | 046120-1-046120-7 |
Journal | Physical Review E - Statistical, Nonlinear, and Soft Matter Physics |
Volume | 69 |
Issue number | 4 2 |
State | Published - Apr 1 2004 |
ASJC Scopus subject areas
- Statistical and Nonlinear Physics
- Statistics and Probability
- Condensed Matter Physics