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Evolutionary minority game with heterogeneous strategy distribution

T.s Lo, S.w Lim, P.m Hui and N.f Johnson

Physica A: Statistical Mechanics and its Applications, 2000, vol. 287, issue 1, 313-320

Abstract: 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.

Keywords: Complex adaptive systems; Agent-based models; Econophysics (search for similar items in EconPapers)
Date: 2000
References: View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:287:y:2000:i:1:p:313-320

DOI: 10.1016/S0378-4371(00)00444-1

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