Sub-strategy updating evolution in minority game

Wei Song Yang, Bing Hong Wang, Peng He, Wei Ning Wang, Hong Jun Quan, Yan Bo Xie

Research output: Contribution to journalArticlepeer-review

5 Scopus citations

Abstract

In this paper, we propose and study a new evolution model of minority game. Any strategy in minority game can be regarded as composed of sub-strategies corresponding to different histories. Based on the evolution model proposed by Li-Riolo-Savit, in which those agents that perform poorly may update their strategies randomly. This paper presents a new evolution model in which poor agents update their strategies by changing only a part of sub-strategy sets with low success rate. Simulation result shows that the new model with sub-strategy-set updating evolution mechanism may approach its steady state more quickly than the Li-Riolo-Savit model. In the steady state of the new model, stronger adaptive cooperation among agents will appear, implying that the social resource can be allocated more rationally and utilized more effectively compared with the Li-Riolo-Savit model.

Original languageEnglish
Pages (from-to)931-935
Number of pages5
JournalChinese Physics
Volume12
Issue number9
DOIs
StatePublished - 2003
Externally publishedYes

Keywords

  • Adaptation
  • Evolution model
  • Minority game
  • Sub-strategy-set

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