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Three phases of the minority game

✍ Scribed by Sy-Sang Liaw; Chia-Hsiang Hung; Ching Liu


Publisher
Elsevier Science
Year
2007
Tongue
English
Weight
267 KB
Volume
374
Category
Article
ISSN
0378-4371

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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