Evolutionary Minority Game with Multiple Options

Details Evolutionary Minority Game with Multiple Options Evolutionary Minority Game with Multiple Options

2004-03-11

arxiv.org/abs/cond-mat/0403300v2

Physics

Condensed Matter

Statistical Mechanics

12 pages, 3 figures, submitted to PRE

Scientific paper

We propose and study an evolutionary minority game (EMG) in which the agents are allowed to choose among three possible options. Unlike the original EMG where the agents either win or lose one unit of wealth, the present model assigns one unit of wealth to the winners in the least popular option, deducts one unit from the losers in the most popular option, and awards $R$ ($-1R_{c}$, where $R_{c}(N)$ is a critical value for optimal performance of the system that drops to zero as the number of agents $N$ increases.

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