Title of article
Minority game with arbitrary cutoffs
Author/Authors
N. F. Johnson، نويسنده , , P. M. Hui، نويسنده , , Dafang Zheng، نويسنده , , C. W. Tai، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 1999
Pages
10
From page
493
To page
502
Abstract
We study a model of a competing population of N adaptive agents, with similar capabilities, repeatedly deciding whether to attend a bar with an arbitrary cutoff L. Decisions are based upon past outcomes. The agents are only told whether the actual attendance is above or below L. For L N/2, the game reproduces the main features of Challet and Zhangʹs minority game. As L is lowered, however, the mean attendances in different runs tend to divide into two groups. The corresponding standard deviations for these two groups are very different. This grouping effect results from the dynamical feedback governing the gameʹs time-evolution, and is not reproduced if the agents are fed a random history.
Journal title
Physica A Statistical Mechanics and its Applications
Serial Year
1999
Journal title
Physica A Statistical Mechanics and its Applications
Record number
866045
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