Strategy selection in the minority game
β Scribed by R D'hulst; G.J Rodgers
- Book ID
- 108453243
- Publisher
- Elsevier Science
- Year
- 2000
- Tongue
- English
- Weight
- 201 KB
- Volume
- 278
- Category
- Article
- ISSN
- 0378-4371
No coin nor oath required. For personal study only.
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This paper proposes a new model of Incomplete Minority Game (IMG), which features a default hierarchy of rules. This model introduces random bits into players' individual strategies and is capable of applying the exception rules in the absence of the default one. Analysis of the numerical experiment
A brief review is given of the minority game, an idealized model of a market of speculative agents, and its complex many-body behaviour. Particular consideration is given to the consequences and implications of correlations between strategies and di erent frequencies and timings of adaptation.
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