Enhanced winnings in a mixed-ability population playing a minority game
Open Access
- 7 September 1999
- journal article
- letter
- Published by IOP Publishing in Journal of Physics A: General Physics
- Vol. 32 (38) , L427-L431
- https://doi.org/10.1088/0305-4470/32/38/103
Abstract
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%. The present results are not reproduced if the agents are fed a random history, thereby demonstrating the importance of memory in this system.Keywords
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