Evolutionary Minority Game with heterogeneous strategy distribution

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

Research output: Contribution to journalArticle

28 Citations (Scopus)

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
Externally publishedYes

Fingerprint

Minority Game
Evolutionary Game
games
minorities
learning
Numerical Results
Strategy
Model
Form
Learning
Market

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 journalArticle

Lo, T. S. ; Lim, S. W. ; Hui, P. M. ; Johnson, Neil F. / Evolutionary Minority Game with heterogeneous strategy distribution. In: Physica A: Statistical Mechanics and its Applications. 2000 ; Vol. 287, No. 1-2. pp. 313-320.
@article{3f9b5cb3c0414566af5e49b30bc26e4b,
title = "Evolutionary Minority Game with heterogeneous strategy distribution",
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.",
author = "Lo, {T. S.} and Lim, {S. W.} and Hui, {P. M.} and Johnson, {Neil F}",
year = "2000",
month = "11",
day = "15",
doi = "10.1016/S0378-4371(00)00444-1",
language = "English (US)",
volume = "287",
pages = "313--320",
journal = "Physica A: Statistical Mechanics and its Applications",
issn = "0378-4371",
publisher = "Elsevier",
number = "1-2",

}

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.

UR - http://www.scopus.com/inward/record.url?scp=0034321711&partnerID=8YFLogxK

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 -