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Article: Multiple choice minority game

TitleMultiple choice minority game
Authors
KeywordsComplex adaptive systems
Game theory
Minority game
Issue Date2003
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/physa
Citation
Physica A: Statistical Mechanics And Its Applications, 2003, v. 319, p. 601-615 How to Cite?
AbstractMinority game is a model of heterogeneous players who think inductively. In this game, each player chooses one out of two alternatives every turn and those who end up in the minority side wins. It is instructive to extend the minority game by allowing players to choose one out of many alternatives. Nevertheless, such an extension is not straight-forward due to difficulties in finding a set of reasonable, unbiased and computationally feasible strategies. Here, we propose a variation of the minority game where every player has more than two options. Results of numerical simulations agree with the expectation that our multiple choices minority game exhibits similar behavior as the original two-choice minority game. © 2002 Elsevier Science B.V. All rights reserved.
Persistent Identifierhttp://hdl.handle.net/10722/81028
ISSN
2015 Impact Factor: 1.785
2015 SCImago Journal Rankings: 0.738
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorChow, FKen_HK
dc.contributor.authorChau, HFen_HK
dc.date.accessioned2010-09-06T08:12:56Z-
dc.date.available2010-09-06T08:12:56Z-
dc.date.issued2003en_HK
dc.identifier.citationPhysica A: Statistical Mechanics And Its Applications, 2003, v. 319, p. 601-615en_HK
dc.identifier.issn0378-4371en_HK
dc.identifier.urihttp://hdl.handle.net/10722/81028-
dc.description.abstractMinority game is a model of heterogeneous players who think inductively. In this game, each player chooses one out of two alternatives every turn and those who end up in the minority side wins. It is instructive to extend the minority game by allowing players to choose one out of many alternatives. Nevertheless, such an extension is not straight-forward due to difficulties in finding a set of reasonable, unbiased and computationally feasible strategies. Here, we propose a variation of the minority game where every player has more than two options. Results of numerical simulations agree with the expectation that our multiple choices minority game exhibits similar behavior as the original two-choice minority game. © 2002 Elsevier Science B.V. All rights reserved.en_HK
dc.languageengen_HK
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/physaen_HK
dc.relation.ispartofPhysica A: Statistical Mechanics and its Applicationsen_HK
dc.rightsPhysica A: Statistical Mechanics and its Applications. Copyright © Elsevier BV.en_HK
dc.subjectComplex adaptive systemsen_HK
dc.subjectGame theoryen_HK
dc.subjectMinority gameen_HK
dc.titleMultiple choice minority gameen_HK
dc.typeArticleen_HK
dc.identifier.openurlhttp://library.hku.hk:4550/resserv?sid=HKU:IR&issn=0378-4371&volume=319&spage=601&epage=615&date=2003&atitle=Multiple+choice+minority+gameen_HK
dc.identifier.emailChau, HF: hfchau@hku.hken_HK
dc.identifier.authorityChau, HF=rp00669en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1016/S0378-4371(02)01386-9en_HK
dc.identifier.scopuseid_2-s2.0-0037365887en_HK
dc.identifier.hkuros75789en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-0037365887&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume319en_HK
dc.identifier.spage601en_HK
dc.identifier.epage615en_HK
dc.identifier.isiWOS:000181280700044-
dc.publisher.placeNetherlandsen_HK
dc.identifier.scopusauthoridChow, FK=7005264096en_HK
dc.identifier.scopusauthoridChau, HF=7005742276en_HK
dc.identifier.citeulike6643005-

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