Effect of imitation in evolutionary minority game on small-world networks

The system performance in an evolutionary minority game with imitation on small-world networks is studied. Numerical results show that system performance positively correlates with the clustering coefficients. The domain structure of the agents’ strategies can be used to give a qualitative explanation for it. We also find that the time series of the reduced variance σ2/N could have a phasic evolution from a metastable state (two crowds are formed but the distribution of their probabilities does not peak at p≈0 and p≈1) to a steadystate (the two crowds evolve into a crowd and an anticrowd with the distribution of their probabilities peaking at p≈0 and p≈1).