How to attain maximum profit in minority game?

H.F. Chau and F.K. Chow

Physica A: Statistical Mechanics and its Applications, 2002, vol. 312, issue 1, 277-284

Abstract: What is the physical origin of player cooperation in minority game? And how to obtain maximum global wealth in minority game? We answer the above questions by studying a variant of minority game from which players choose among Nc alternatives according to strategies picked from a restricted set of strategy space. Our numerical experiment concludes that player cooperation is the result of a suitable size of sampling in the available strategy space. Hence, the overall performance of the game can be improved by suitably adjusting the strategy space size.

Keywords: Minority game; Self-organized systems; Reduced strategy space (search for similar items in EconPapers)
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:312:y:2002:i:1:p:277-284

DOI: 10.1016/S0378-4371(02)00860-9

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