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)|
|Number of pages||8|
|Journal||Physica A: Statistical Mechanics and its Applications|
|State||Published - Nov 15 2000|
ASJC Scopus subject areas
- Statistics and Probability
- Condensed Matter Physics