Comment on: Thermal model for Adaptive Competition in a Market
Statistical Mechanics
2008-12-10 v2 Disordered Systems and Neural Networks
Adaptation and Self-Organizing Systems
Trading and Market Microstructure
Abstract
We show that the dynamical equations describing the collective behavior of the model introduced by Cavagna et al. i) are not their Eqs. (5,6) but rather ii) are the same as those of the minority game (MG). As a consequence the analytic solution of the MG presented in [PRL, 84, 1824 (2000)] holds also for this model. Finally we show that iii) the the large temperature behavior of the model is different, due to small simulation times, from that discussed by Cavagna et al.
Keywords
Cite
@article{arxiv.cond-mat/0004308,
title = {Comment on: Thermal model for Adaptive Competition in a Market},
author = {D. Challet and M. Marsili and R. Zecchina},
journal= {arXiv preprint arXiv:cond-mat/0004308},
year = {2008}
}
Comments
Comment to cond-mat/9903415; PRL 83, 4429 (1999) by Cavagna et al. Revised version with a modified figure