Enhanced winning in a competing population by random participation

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

Research output: Contribution to journalArticle

6 Citations (Scopus)

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 languageEnglish (US)
Article number046120
JournalPhysical Review E - Statistical, Nonlinear, and Soft Matter Physics
Volume69
Issue number4 2
StatePublished - Apr 2004
Externally publishedYes

Fingerprint

games
Game
Minority Game
minorities
Join
Participation
resources
Resources

ASJC Scopus subject areas

  • Physics and Astronomy(all)
  • Condensed Matter Physics
  • Statistical and Nonlinear Physics
  • Mathematical Physics

Cite this

Enhanced winning in a competing population by random participation. / Yip, K. F.; Lo, T. S.; Hui, P. M.; Johnson, Neil F.

In: Physical Review E - Statistical, Nonlinear, and Soft Matter Physics, Vol. 69, No. 4 2, 046120, 04.2004.

Research output: Contribution to journalArticle

Yip, K. F. ; Lo, T. S. ; Hui, P. M. ; Johnson, Neil F. / Enhanced winning in a competing population by random participation. In: Physical Review E - Statistical, Nonlinear, and Soft Matter Physics. 2004 ; Vol. 69, No. 4 2.
@article{ea2c52385c774375ad82bb77438ea4af,
title = "Enhanced winning in a competing population by random participation",
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.",
author = "Yip, {K. F.} and Lo, {T. S.} and Hui, {P. M.} and Johnson, {Neil F}",
year = "2004",
month = "4",
language = "English (US)",
volume = "69",
journal = "Physical review. E",
issn = "2470-0045",
publisher = "American Physical Society",
number = "4 2",

}

TY - JOUR

T1 - Enhanced winning in a competing population by random participation

AU - Yip, K. F.

AU - Lo, T. S.

AU - Hui, P. M.

AU - Johnson, Neil F

PY - 2004/4

Y1 - 2004/4

N2 - 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.

AB - 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.

UR - http://www.scopus.com/inward/record.url?scp=42749105727&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=42749105727&partnerID=8YFLogxK

M3 - Article

C2 - 15169082

AN - SCOPUS:42749105727

VL - 69

JO - Physical review. E

JF - Physical review. E

SN - 2470-0045

IS - 4 2

M1 - 046120

ER -