70 citations · 348 across the 9 of their papers we have counts for
5 papers · 1 filter
Crowd-Anticrowd Theory of Multi-Agent Market Games
M. Hart, P. Jefferies, P. M. Hui +1
We present a dynamical theory of a multi-agent market game, the so-called Minority Game (MG), based on crowds and anticrowds. The time-averaged version of the dynamical equations p…
Evolutionary minority game with heterogeneous strategy distribution
T. S. Lo, S. W. Lim, P. M. Hui +1
We present detailed numerical results for a modified form of the so-called Minority Game, which provides a simplified model of a competitive market. Each agent has a limited set of…
Crowd-anticrowd theory of the Minority Game
M. Hart, P. Jefferies, N. F. Johnson +1
The Minority Game is a simple yet highly non-trivial agent-based model for a complex adaptive system. Despite its importance, a quantitative explanation of the game's fluctuations…
Mixed population Minority Game with generalized strategies
P. Jefferies, M. Hart, N. F. Johnson +1
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 s…
Generalized strategies in the Minority Game
M. Hart, P. Jefferies, N. F. Johnson +1
We show analytically how the fluctuations (i.e. standard deviation) in the Minority Game (MG) can be made to decrease below the random coin-toss limit if the agents use more genera…