Stochastic strategies in the Minority Game
Condensed Matter
2007-05-23 v2 Adaptation and Self-Organizing Systems
Abstract
We show analytically how the fluctuations (i.e. standard deviation) in the Minority Game (MG) can decrease below the random coin-toss limit if the agents use more general, stochastic strategies. This suppression of the standard deviation results from a cancellation between the actions of a crowd, in which agents act collectively and make the same decision, and an anticrowd in which agents act collectively by making the opposite decision to the crowd.
Cite
@article{arxiv.cond-mat/0006141,
title = {Stochastic strategies in the Minority Game},
author = {M. Hart and P. Jefferies and N. F. Johnson and P. M. Hui},
journal= {arXiv preprint arXiv:cond-mat/0006141},
year = {2007}
}
Comments
To appear in Phys. Rev. E. Minor changes from original