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A stochastic strategy for the minority game

Author

Listed:
  • Reents, G.
  • Metzler, R.
  • Kinzel, W.

Abstract

We present a new strategy for the Minority Game. Players who were successful in the previous timestep stay with their decision, while the losers change their decision with a probability p. Analytical results for different regimes of p and the number of players N are given and connections to existing models are discussed. It is shown that for p∝1/N the average loss σ2 is of the order of 1 and does not increase with N as for other known strategies.

Suggested Citation

  • Reents, G. & Metzler, R. & Kinzel, W., 2001. "A stochastic strategy for the minority game," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 299(1), pages 253-261.
    • Handle: RePEc:eee:phsmap:v:299:y:2001:i:1:p:253-261
    DOI: 10.1016/S0378-4371(01)00303-X
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    Cited by:

    1. 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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