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Quantifying complexity in the minority game

✍ Scribed by Milan Rajković; Zoran Mihailović

Publisher
Elsevier Science
Year
2003
Tongue
English
Weight
182 KB
Volume
325
Category
Article
ISSN
0378-4371

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✦ Synopsis

A Lempel-Ziv complexity measure is introduced into the theory of a minority game in order to capture some features that volatility, one of the central quantities in this model of interacting agents, is not able to. Extracted solely from the binary string of outcomes of the game complexity o ers new and valuable information on collective behavior of players. Also, we show that an expression for volatility may be included in the analytical expression for complexity.

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