Need, Greed and Noise: Competing Strategies in a Trading Model

Details Need, Greed and Noise: Competing Strategies in a Trading Model Need, Greed and Noise: Competing Strategies in a Trading Model

2004-08-25

arxiv.org/abs/cond-mat/0408531v1

Physics

Condensed Matter

Other Condensed Matter

10 pages, 6 figures

Scientific paper

10.1016/j.physa.2004.09.046

We study an economic model where agents trade a variety of products by using one of three competing rules: "need", "greed" and "noise". We find that the optimal strategy for any agent depends on both product composition in the overall market and composition of strategies in the market. In particular, a strategy that does best on pairwise competition may easily do much worse when all are present, leading, in some cases, to a "paper, stone, scissors" circular hierarchy.

Affiliated with

Also associated with

No associations

Rating

Need, Greed and Noise: Competing Strategies in a Trading Model does not yet have a rating. At this time, there are no reviews or comments for this scientific paper.

If you have personal experience with Need, Greed and Noise: Competing Strategies in a Trading Model, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Need, Greed and Noise: Competing Strategies in a Trading Model will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFWR-SCP-O-338479