Enhanced winnings in a mixed-ability population playing a minority game

Details Enhanced winnings in a mixed-ability population playing a minority game Enhanced winnings in a mixed-ability population playing a minority game

1999-03-10

arxiv.org/abs/cond-mat/9903164v2

Physics

Condensed Matter

9 pages Latex + 2 figures

Scientific paper

10.1088/0305-4470/32/38/103

We study a mixed population of adaptive agents with small and large memories, competing in a minority game. If the agents are sufficiently adaptive, we find that the average winnings per agent can exceed that obtainable in the corresponding pure populations. In contrast to the pure population, the average success rate of the large-memory agents can be greater than 50 percent. The present results are not reproduced if the agents are fed a random history, thereby demonstrating the importance of memory in this system.

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