Mixed population Minority Game with generalized strategies
- 19 October 2000
- journal article
- letter
- Published by IOP Publishing in Journal of Physics A: General Physics
- Vol. 33 (43) , L409-L414
- https://doi.org/10.1088/0305-4470/33/43/101
Abstract
We present a quantitative theory, based on crowd effects, for the market volatility in a Minority Game played by a mixed population. Below a critical concentration of generalized strategy players, we find that the volatility in the crowded regime remains above the random coin-toss value regardless of the `temperature' controlling strategy use. Our theory yields good agreement with numerical simulations.Keywords
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