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Payoff-dependent balancedness and cores

✍ Scribed by Jean-Marc Bonnisseau; Vincent Iehlé


Book ID
116505846
Publisher
Elsevier Science
Year
2007
Tongue
English
Weight
529 KB
Volume
61
Category
Article
ISSN
0899-8256

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Score-dependent payoffs and Minority Gam
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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