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Evolutionary minority game with heterogeneous strategy distribution
Journal article   Open access  Peer reviewed

Evolutionary minority game with heterogeneous strategy distribution

T.S Lo, S.W Lim, P.M Hui and N.F Johnson
Physica A, Vol.287(1), pp.313-320
2000

Abstract

Agent-based models Complex adaptive systems Econophysics
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.
url
https://doi.org/10.1016/S0378-4371(00)00444-1View
Published (Version of record) Open

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Domestic collaboration
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Citation topics
9 Mathematics
9.143 Dynamical Systems & Time Dependence
9.143.674 Econophysics
Web Of Science research areas
Physics, Multidisciplinary
ESI research areas
Physics

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