We show analytically how the fluctuations (i.e., standard deviation (Formula presented) in the minority game can decrease below the random coin-toss limit if the agents use more general, stochastic strategies. This suppression of (Formula presented) 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 language||English (US)|
|Journal||Physical Review E - Statistical Physics, Plasmas, Fluids, and Related Interdisciplinary Topics|
|State||Published - 2001|
ASJC Scopus subject areas
- Statistical and Nonlinear Physics
- Statistics and Probability
- Condensed Matter Physics