Failsafe modes in incomplete minority game
Failsafe modes in incomplete minority game
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DOI:
10.1016/j.physa.2009.06.016
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发表时间:
2009-09
影响因子:
3.3
通讯作者:
Xiaobo Yao;S. Wan;Wen Chen
中科院分区:
文献类型:
--
作者:
Xiaobo Yao;S. Wan;Wen Chen
We make a failsafe extension to the incomplete minority game model, give a brief analysis on how incompleteness will effect system efficiency. Simulations that limited incompleteness in strategies can improve the system efficiency. Among three failsafe modes, the “Back-to-Best” mode brings most significant improvement and keeps the system efficiency in a long range of incompleteness. A simple analytic formula has a trend which matches simulation results. The IMMG model is used to study the effect of distribution, and we find that there is one junction point in each series of curves, at which system efficiency is not influenced by the distribution of incompleteness. When [Formula: see text] the concentration of incompleteness weakens the effect. On the other side of [Formula: see text] , concentration will be helpful. When pIis close to zero agents using incomplete strategies have on average better profits than those using standard strategies, and the “Back-to-Best” agents have a wider range of pIto win.