Abstract
We present detailed numerical results for a modified form of the so-called Minority Game, which provides a simplified model of a competitive market. Each agent has a limited set of strategies, and competes to be in a minority. An evolutionary rule for strategy modification is included to mimic simple learning. The results can be understood by considering crowd formation within the population.
Original language | English (US) |
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Pages (from-to) | 313-320 |
Number of pages | 8 |
Journal | Physica A: Statistical Mechanics and its Applications |
Volume | 287 |
Issue number | 1-2 |
DOIs | |
State | Published - Nov 15 2000 |
Externally published | Yes |
ASJC Scopus subject areas
- Statistics and Probability
- Condensed Matter Physics