Generalized strategies in the minority game

M. Hart, P. Jefferies, Neil F Johnson, P. M. Hui

Research output: Contribution to journalArticle

32 Citations (Scopus)

Abstract

We show analytically how the fluctuations (i.e., standard deviation σ) in the minority game can decrease below the random coin-toss limit if the agents use more general, stochastic strategies. This suppression of σ results from a cancellation between the actions of a crowd, in which agents act collectively and make the same decision, and those of an anticrowd, in which agents act collectively by making the opposite decision to the crowd.

Original languageEnglish (US)
Pages (from-to)1-3
Number of pages3
JournalPhysical Review E - Statistical, Nonlinear, and Soft Matter Physics
Volume63
Issue number1 II
DOIs
StatePublished - Jan 2001
Externally publishedYes

Fingerprint

Minority Game
games
minorities
Cancellation
cancellation
Standard deviation
standard deviation
retarding
Fluctuations
Decrease
Strategy

ASJC Scopus subject areas

  • Mathematical Physics
  • Physics and Astronomy(all)
  • Condensed Matter Physics
  • Statistical and Nonlinear Physics

Cite this

Generalized strategies in the minority game. / Hart, M.; Jefferies, P.; Johnson, Neil F; Hui, P. M.

In: Physical Review E - Statistical, Nonlinear, and Soft Matter Physics, Vol. 63, No. 1 II, 01.2001, p. 1-3.

Research output: Contribution to journalArticle

Hart, M. ; Jefferies, P. ; Johnson, Neil F ; Hui, P. M. / Generalized strategies in the minority game. In: Physical Review E - Statistical, Nonlinear, and Soft Matter Physics. 2001 ; Vol. 63, No. 1 II. pp. 1-3.
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