Evolutionary Minority Game with heterogeneous strategy distribution

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

doi:10.1016/S0378-4371(00)00444-1

Evolutionary Minority Game with heterogeneous strategy distribution

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

Physics

Research output: Contribution to journal › Article › peer-review

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 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	https://doi.org/10.1016/S0378-4371(00)00444-1
State	Published - Nov 15 2000

ASJC Scopus subject areas

Statistics and Probability
Condensed Matter Physics

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10.1016/S0378-4371(00)00444-1

Cite this

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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.",

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Evolutionary Minority Game with heterogeneous strategy distribution

Abstract

ASJC Scopus subject areas

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