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 |
| Journal | Physical Review E - Statistical, Nonlinear, and Soft Matter Physics |
| Volume | 69 |
| Issue number | 4 2 |
| State | Published - Apr 2004 |
| Externally published | Yes |
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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 journal › Article
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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.
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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 -