Self organization in a minority game: the rôle of memory and a probabilistic approach

E Burgos and Horacio Ceva

Physica A: Statistical Mechanics and its Applications, 2000, vol. 284, issue 1, 489-495

Abstract: A minority game whose strategies are given by probabilities p, is replaced by a ‘simplified’ version that makes no use of memories at all. Numerical results show that the corresponding distribution functions are indistinguishable. A related approach, using a random walk formulation, allows us to identify the origin of correlations and self-organization in the model, and to understand their disappearance for a different strategy's update rule, as pointed out in a previous work.

Keywords: Minority game; Organization; Evolution (search for similar items in EconPapers)
Date: 2000
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:284:y:2000:i:1:p:489-495

DOI: 10.1016/S0378-4371(00)00292-2

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