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In this paper we present results and analyses of a class of games in which heterogeneous agents are rewarded for being in a minority group. Each agent possesses a number of fixed strategies each of which are predictors of the next minority group. The strategies use a set of aggregate, publicly...
Persistent link: https://www.econbiz.de/10010589037
We continue our study of evolution in minority games by examining games in which agents with poorly performing strategies can trade in their strategies for new ones from a different strategy space. In the context of the games discussed in this paper, this means allowing for strategies that use...
Persistent link: https://www.econbiz.de/10011060044
In this paper, we present a simple stock market model (the market game) which incorporates, as ab initio dynamics delayed majority dynamics, according to which agents (with heterogeneous strategies and price expectations) are rewarded if their actions at time t are the actions of the majority of...
Persistent link: https://www.econbiz.de/10005099245
In many social and biological systems, agents compete for limited resources over an extended, connected network, but at any moment compete for resources semi-locally using incomplete, private information. To understand such systems, it is important to understand the nature of competition for...
Persistent link: https://www.econbiz.de/10010589873
In the standard minority game, each agent in the minority group receives the same payoff regardless of the size of the minority group. Of great interest for real social and biological systems are cases in which the payoffs to members of the minority group depend on the size of the minority...
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The use of object-orientation for both spatial data and spatial process models facilitates their integration, which can allow exploration and explanation of spatial-temporal phenomena. In order to better understand how tight coupling might proceed and to evaluate the possible functional and...
Persistent link: https://www.econbiz.de/10005719163