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Evolutionary minority game with heterogeneous strategy distribution

T. S. Lo·S. W. Lim·P. M. Hui·N. F. Johnson
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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.

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T. S. Lo, S. W. Lim, P. M. Hui, N. F. Johnson. 2000-06-08. Evolutionary minority game with heterogeneous strategy distribution. https://doi.org/10.1016/s0378-4371(00)00444-1

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