On the strategy frequency problem in batch minority games

DOI10.1088/1742-5468/2007/01/P01006MaRDI QIDQ5239319zbMATH OpenOpenAlexFDO

Authors Andrea De Martino, Isaac Pérez Castillo, David Sherrington

Publication date 22 October 2019

Published in Journal of Statistical Mechanics: Theory and Experiment (Search for Journal in Brave)

Full work available at URL https://arxiv.org/abs/physics/0611188

zbMATH Keywords

applications to game theory and mathematical economicsexact resultsinteracting agent models

Mathematics Subject Classification ID

Signaling and communication in game theory (91A28) Auctions, bargaining, bidding and selling, and other market models (91B26)

Abstract: Ergodic stationary states of Minority Games with S strategies per agent can be characterised in terms of the asymptotic probabilities $ph{i}_a$ with which an agent uses $a$ of his strategies. We propose here a simple and general method to calculate these quantities in batch canonical and grand-canonical models. Known analytic theories are easily recovered as limiting cases and, as a further application, the strategy frequency problem for the batch grand-canonical Minority Game with S=2 is solved. The generalization of these ideas to multi-asset models is also presented. Though similarly based on response function techniques, our approach is alternative to the one recently employed by Shayeghi and Coolen for canonical batch Minority Games with arbitrary number of strategies.

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Cites work

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• Generating functional analysis of batch minority games with arbitrary strategy numbers
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• Statistical mechanics of socio-economic systems with heterogeneous agents

Cited in

(2)

• Strategy switches and co-action equilibria in a minority game
• Generating functional analysis of batch minority games with arbitrary strategy numbers

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