Physics – Physics and Society
Scientific paper
2005-05-25
Physics
Physics and Society
6 pages, 4 figures, 3 tables
Scientific paper
This paper studies the correlations of the average winnings of agents and the volatilities of systems based on mix-game model which is an extension of minority game (MG). In mix-game, there are two groups of agents; group1 plays the majority game, but the group2 plays the minority game. The results show that the correlations between the average winnings of agents and the mean of local volatilities are different with different combinations of agents' memory lengths when the proportion of agents in group1 increases. The average winnings of agents can represent the average individual performance and the volatility of a system can represent the efficiency of the system. Therefore, these results imply that the combinations of agents' memory lengths largely influence the relation between the system efficiency and the average individual performance. These results could give some guidance in designing complex systems.
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