Memory is relevant in the symmetric phase of the minority game
Abstract
Minority game is a simple-mined econophysical model capturing the cooperative behavior among selfish players. Previous investigations, which were based on numerical simulations up to about 100 players for a certain parameter in the range , suggested that memory is irrelevant to the cooperative behavior of the minority game in the so-called symmetric phase. Here using a large scale numerical simulation up to about 3000 players in the parameter range , we show that the mean variance of the attendance in the minority game actually depends on the memory in the symmetric phase. We explain such dependence in the framework of crowd-anticrowd theory. Our findings conclude that one should not overlook the feedback mechanism buried under the correlation in the history time series in the study of minority game.
Keywords
Cite
@article{arxiv.cond-mat/0411554,
title = {Memory is relevant in the symmetric phase of the minority game},
author = {K. H. Ho and W. C. Man and F. K. Chow and H. F. Chau},
journal= {arXiv preprint arXiv:cond-mat/0411554},
year = {2009}
}
Comments
5 pages, 4 figures, to appear in PRE