Cooperation in the Minority Game with local information

Thomas Kalinowski, Hans-Jörg Schulz and Michael Briese

Physica A: Statistical Mechanics and its Applications, 2000, vol. 277, issue 3, 502-508

Abstract: The Minority Game was introduced to show basic properties of competitive systems with limited common information resources. M. Paczuski and K. E. Bassler introduced a Minority Game with personal limited information resources, where each agent knows the past actions of randomly chosen neighbours [M. Paczuski, K.E. Bassler, Self-organized Networks of Competing Boolean Agents (1999)]. They asked whether such a system can show cooperation. In this paper we show that agents who are placed in a circle are able to cooperate due to self-organization. Furthermore, we introduce a new evolution method to optimize the cooperation among the agents.

Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:277:y:2000:i:3:p:502-508

DOI: 10.1016/S0378-4371(99)00553-1

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