Mixed population minority game with generalized strategies

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

Research output: Contribution to journalArticle

13 Scopus citations

Abstract

We present a quantitative theory, based on crowd effects, for the market volatility in a Minority Game played by a mixed population. Below a critical concentration of generalized strategy players, we find that the volatility in the crowded regime remains above the random coin-toss value regardless of the 'temperature' controlling strategy use. Our theory yields good agreement with numerical simulations.

Original languageEnglish (US)
Pages (from-to)L409-L414
JournalJournal of Physics A: Mathematical and General
Volume33
Issue number43
DOIs
StatePublished - Nov 3 2000

ASJC Scopus subject areas

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

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