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The Minority Game with interactions

Author

Listed:
  • Caridi, Inés
  • Ceva, Horacio

Abstract

We partially modify the rules of the Minority Game (MG) by introducing some degree of local information in the game, which is only available for some agents, called the interacting agents. Our work shows that, for small values of the new parameter of the model (the fraction of interacting agents), there is an improvement of the use of the resources with respect to the MG, while as this number grows the response of the system changes, and ends up behaving worst than the usual MG.

Suggested Citation

  • Caridi, Inés & Ceva, Horacio, 2004. "The Minority Game with interactions," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 339(3), pages 574-582.
    • Handle: RePEc:eee:phsmap:v:339:y:2004:i:3:p:574-582
    DOI: 10.1016/j.physa.2004.03.010
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    Citations

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    Cited by:

    1. Shu-Heng Chen & Umberto Gostoli, 2017. "Coordination in the El Farol Bar problem: The role of social preferences and social networks," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 12(1), pages 59-93, April.
    2. Yang, Cheng & Sun, Shixin, 2007. "The minority game with incomplete strategies," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 379(2), pages 645-653.
    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. Kirley, Michael, 2006. "Evolutionary minority games with small-world interactions," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 365(2), pages 521-528.

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