Score-dependent payoffs and Minority Gam
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F. Ren; B. Zheng; T. Qiu; S. Trimper
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Article
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2006
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Elsevier Science
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English
β 240 KB
Payoffs which depend on the scores of the strategies are introduced into the standard Minority Game (MG). The double-periodicity behavior of the standard model is consequently removed, and stylized facts arise, such as long-range volatility correlations and ''fat-tails'' of the probability distribut