Enhanced winning in a competing population by random participation

K. F. Yip; T. S. Lo; P. M. Hui; N. F. Johnson

Enhanced winning in a competing population by random participation

K. F. Yip, T. S. Lo, P. M. Hui, N. F. Johnson

Physics

Research output: Contribution to journal › Article › peer-review

6 Scopus citations

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)
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

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