Intelligent Minority Game with genetic-crossover strategies

Details Intelligent Minority Game with genetic-crossover strategies Intelligent Minority Game with genetic-crossover strategies

2002-09-23

arxiv.org/abs/cond-mat/0209525v2

Eur. Phys. J. B 34, 373 (2003)

Physics

Condensed Matter

Statistical Mechanics

4 pages, 5 encapsulated postscript figures. Uses RevTex4

Scientific paper

10.1140/epjb/e2003-00234-0

We develop a game theoretical model of $N$ heterogeneous interacting agents called the intelligent minority game. The ``intelligent'' agents play the basic minority game and depending on their performances, generate new strategies using the one-point genetic crossover mechanism. The performances change dramatically and the game moves rapidly to an efficient state (fluctuations in the number of agents performing a particular action, characterized by $\sigma^2$, reaches a low value). There is no ``phase transition'' when we vary $\sigma^2/N$ with $2^M/N$, where $M$ is the ``memory''of an agent.

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