Evolutionary Minority Game: The Roles of Response Time and Mutation Threshold
In the evolutionary minority game, agents are allowed to evolve their strategies (``mutate'') based on past experience. We explore the dependence of the system's global behavior on the response time and the mutation threshold of the agents. We find that the precise values of these par...
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Main Authors | , |
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Format | Journal Article |
Language | English |
Published |
02.02.2004
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Subjects | |
Online Access | Get full text |
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Summary: | In the evolutionary minority game, agents are allowed to evolve their
strategies (``mutate'') based on past experience. We explore the dependence of
the system's global behavior on the response time and the mutation threshold of
the agents. We find that the precise values of these parameters determine if
the strategy distribution of the population has a U-shape, inverse-U-shape, or
a W-shape. It is shown that in a free society (market), highly adaptive agents
(with short response times) perform best. In addition, ``patient'' agents (with
high mutation threshold) outperform ``nervous'' ones. |
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DOI: | 10.48550/arxiv.cond-mat/0402028 |