Evolutionary Minority Game with heterogeneous strategy distribution

T. S. Lo, S. W. Lim, P. M. Hui, N. F. Johnson

Research output: Contribution to journalArticle

28 Scopus citations

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 languageEnglish (US)
Pages (from-to)313-320
Number of pages8
JournalPhysica A: Statistical Mechanics and its Applications
Volume287
Issue number1-2
DOIs
StatePublished - Nov 15 2000

ASJC Scopus subject areas

  • Statistics and Probability
  • Condensed Matter Physics

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