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Self organization in a minority game: the rôle of memory and a probabilistic approach

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  • Burgos, E
  • Ceva, Horacio

Abstract

A minority game whose strategies are given by probabilities p, is replaced by a ‘simplified’ version that makes no use of memories at all. Numerical results show that the corresponding distribution functions are indistinguishable. A related approach, using a random walk formulation, allows us to identify the origin of correlations and self-organization in the model, and to understand their disappearance for a different strategy's update rule, as pointed out in a previous work.

Suggested Citation

  • Burgos, E & Ceva, Horacio, 2000. "Self organization in a minority game: the rôle of memory and a probabilistic approach," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 284(1), pages 489-495.
    • Handle: RePEc:eee:phsmap:v:284:y:2000:i:1:p:489-495
    DOI: 10.1016/S0378-4371(00)00292-2
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    Cited by:

    1. Zhang, Yu-Xia & Liang, Wen-Yao & Liu, Xue-Mei, 2014. "Changes of behavior tendency in the evolutionary minority game," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 414(C), pages 227-232.
    2. Metzler, Richard & Horn, Christian, 2003. "Evolutionary minority games: the benefits of imitation," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 329(3), pages 484-498.

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