154 citations · 1.2k across the 65 of their papers we have counts for
8 papers · 1 filter
Crowd-Anticrowd Theory of Multi-Agent Minority Games
Michael L. Hart, Neil F. Johnson
We present a formal treatment of the Crowd-Anticrowd theory of Minority Games played by a population of competing agents. This theory is built around a description of the crowding…
From market games to real-world markets
P. Jefferies, M. L. Hart, P. M. Hui +1
This paper uses the development of multi-agent market models to present a unified approach to the joint questions of how financial market movements may be simulated, predicted, and…
Stochastic 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 decrease below the random coin-toss limit if the agents use more general, stochast…
Crowd-anticrowd model of the Minority Game
M. Hart, P. Jefferies, N. F. Johnson +1
We provide a theoretical description of the Minority Game in terms of crowd effects. The size of the fluctuations arising in the game is controlled by the interplay between crowds…
Enhanced winnings in a mixed-ability population playing a minority game
N. F. Johnson, P. M. Hui, D. Zheng +1
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 winnin…
Crowd effects and volatility in a competitive market
Neil F. Johnson, Michael Hart, Pak Ming Hui
We present analytic and numerical results for two models, namely the minority model and the bar-attendance model, which offer simple paradigms for a competitive marketplace. Both m…