Strategy selection in the minority game

R D'hulst and G.j Rodgers

Physica A: Statistical Mechanics and its Applications, 2000, vol. 278, issue 3, 579-587

Abstract: We investigate the dynamics of the choice of an active strategy in the minority game. A history distribution is introduced as an analytical tool to study the asymmetry between the two choices offered to the agents. Its properties are studied numerically. It allows us to show that the departure from uniformity in the initial attribution of strategies to the agents is important even in the efficient market. Also, an approximate expression for the variance of the number of agents at one side in the efficient phase is proposed. All the analytical propositions are supported by numerical simulations of the system.

Keywords: Minority game; Economy; Probability (search for similar items in EconPapers)
Date: 2000
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:278:y:2000:i:3:p:579-587

DOI: 10.1016/S0378-4371(99)00605-6

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