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The evolutionary minority game with local coordination

Author

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  • Burgos, E.
  • Ceva, Horacio
  • Perazzo, R.P.J.

Abstract

We discuss a modification of the evolutionary minority game (EMG) in which agents are placed in the nodes of a regular or a random graph. A neighborhood for each agent can thus be defined and a modification of the usual relaxation dynamics can be made in which each agent updates her decision depending upon her neighborhood. We report numerical results for the topologies of a ring, a torus and a random graph changing the size of the neighborhood. We find the surprising result that in the EMG a better coordination (a lower frustration) can be achieved if agents base their actions on local information disregarding the global trend in the self-segregation process.

Suggested Citation

  • Burgos, E. & Ceva, Horacio & Perazzo, R.P.J., 2004. "The evolutionary minority game with local coordination," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 337(3), pages 635-644.
    • Handle: RePEc:eee:phsmap:v:337:y:2004:i:3:p:635-644
    DOI: 10.1016/j.physa.2004.02.005
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    Citations

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    Cited by:

    1. Giorgio Fagiolo & Marco Valente, 2005. "Minority Games, Local Interactions, and Endogenous Networks," Computational Economics, Springer;Society for Computational Economics, vol. 25(1), pages 41-57, February.
    2. Ted Theodosopoulos, 2004. "Uncertainty relations in models of market microstructure," Papers math/0409076, arXiv.org, revised Feb 2005.
    3. Lustosa, Bernardo C. & Cajueiro, Daniel O., 2010. "Constrained information minority game: How was the night at El Farol?," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 389(6), pages 1230-1238.
    4. Xin-Jie Zhang & Yong Tang & Jason Xiong & Wei-Jia Wang & Yi-Cheng Zhang, 2018. "Dynamics of Cooperation in Minority Games in Alliance Networks," Sustainability, MDPI, vol. 10(12), pages 1-17, December.
    5. Stefan, F.M. & Atman, A.P.F., 2015. "Is there any connection between the network morphology and the fluctuations of the stock market index?," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 419(C), pages 630-641.
    6. Zhang, Wei & Sun, Yuxin & Feng, Xu & Xiong, Xiong, 2015. "Evolutionary Minority Game with searching behavior," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 436(C), pages 694-706.
    7. Kirley, Michael, 2006. "Evolutionary minority games with small-world interactions," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 365(2), pages 521-528.
    8. Theodosopoulos, Ted & Yuen, Ming, 2007. "Properties of the wealth process in a market microstructure model," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 378(2), pages 443-452.
    9. Ted Theodosopoulos & Ming Yuen, 2005. "Properties of the wealth process in a market microstructure model," Papers math/0502105, arXiv.org, revised Feb 2005.
    10. Theodosopoulos, Ted, 2005. "Uncertainty relations in models of market microstructure," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 355(1), pages 209-216.

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