Dynamics of a spherical minority game

DOI10.1088/0305-4470/36/43/034MaRDI QIDQ5696403zbMATH OpenOpenAlexFDO

Authors Tobias Galla, A. C. C. Coolen, David Sherrington

Publication date 18 October 2005

Published in Journal of Physics A: Mathematical and General (Search for Journal in Brave)

Full work available at URL https://arxiv.org/abs/cond-mat/0303615

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)

Abstract: We present an exact dynamical solution of a spherical version of the batch minority game (MG) with random external information. The control parameters in this model are the ratio of the number of possible values for the public information over the number of agents, and the radius of the spherical constraint on the microscopic degrees of freedom. We find a phase diagram with three phases: two without anomalous response (an oscillating versus a frozen state), and a further frozen phase with divergent integrated response. In contrast to standard MG versions, we can also calculate the volatility exactly. Our study reveals similarities between the spherical and the conventional MG, but also intriguing differences. Numerical simulations confirm our analytical results.

Recommendations

• Stationary states of a spherical minority game with ergodicity breaking
• Spherical grand-canonical minority games with and without score discounting
• Dynamics of the time horizon minority game
• Minority game: A mean-field-like approach
• Phenomenology of minority games in efficient regime
• scientific article; zbMATH DE number 1998875
• Dynamical solution of the on-line minority game.
• Dynamics of a mean spherical model with competing interactions

Cited in

(13)

• Minority game: A mean-field-like approach
• Statistical mechanics of dilute batch minority games with random external information
• Dynamics of the time horizon minority game
• Market response to external events and interventions in spherical minority games
• Generating functional analysis of batch minority games with arbitrary strategy numbers
• Spherical grand-canonical minority games with and without score discounting
• Dynamics of adaptive agents with asymmetric information
• Structure-preserving desynchronization of minority games
• Dynamical solution of the on-line minority game.
• Stationary states of a spherical minority game with ergodicity breaking
• Minority game with SK interactions
• Quantifying complexity in the minority game
• Minority game with local interactions due to the presence of herding behavior

This page was built for publication: Dynamics of a spherical minority game

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q5696403)