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) |
|---|---|
| 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 |
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ASJC Scopus subject areas
- Mathematical Physics
- Statistical and Nonlinear Physics
Cite this
Evolutionary Minority Game with heterogeneous strategy distribution. / Lo, T. S.; Lim, S. W.; Hui, P. M.; Johnson, Neil F.
In: Physica A: Statistical Mechanics and its Applications, Vol. 287, No. 1-2, 15.11.2000, p. 313-320.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - Evolutionary Minority Game with heterogeneous strategy distribution
AU - Lo, T. S.
AU - Lim, S. W.
AU - Hui, P. M.
AU - Johnson, Neil F
PY - 2000/11/15
Y1 - 2000/11/15
N2 - 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.
AB - 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.
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UR - http://www.scopus.com/inward/citedby.url?scp=0034321711&partnerID=8YFLogxK
U2 - 10.1016/S0378-4371(00)00444-1
DO - 10.1016/S0378-4371(00)00444-1
M3 - Article
AN - SCOPUS:0034321711
VL - 287
SP - 313
EP - 320
JO - Physica A: Statistical Mechanics and its Applications
JF - Physica A: Statistical Mechanics and its Applications
SN - 0378-4371
IS - 1-2
ER -