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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Yip, K. F., Lo, T. S., Hui, P. M., & Johnson, N. F. (2004). Enhanced winning in a competing population by random participation. Physical Review E - Statistical, Nonlinear, and Soft Matter Physics, 69(4 2), 046120-1-046120-7. [046120].