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Evolutionary minority games: the benefits of imitation

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  • Metzler, Richard
  • Horn, Christian

Abstract

In the original Evolutionary Minority Game, a segregation into two populations with opposing preferences is observed under many circumstances. We show that this segregation becomes more pronounced and more robust if the dynamics are changed slightly, such that strategies with above-average fitness become more frequent. Similar effects occur also for a generalization of the EMG to more than two choices, and for evolutionary dynamics of a different stochastic strategy for the Minority Game.

Suggested Citation

  • Metzler, Richard & Horn, Christian, 2003. "Evolutionary minority games: the benefits of imitation," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 329(3), pages 484-498.
    • Handle: RePEc:eee:phsmap:v:329:y:2003:i:3:p:484-498
    DOI: 10.1016/S0378-4371(03)00626-5
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    References listed on IDEAS

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    1. Friedman, Daniel, 1991. "Evolutionary Games in Economics," Econometrica, Econometric Society, vol. 59(3), pages 637-666, May.
    2. Reents, G. & Metzler, R. & Kinzel, W., 2001. "A stochastic strategy for the minority game," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 299(1), pages 253-261.
    3. Challet, D. & Zhang, Y.-C., 1997. "Emergence of cooperation and organization in an evolutionary game," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 246(3), pages 407-418.
    4. D'hulst, R & Rodgers, G.J, 1999. "The Hamming distance in the minority game," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 270(3), pages 514-525.
    5. Burgos, E & Ceva, Horacio, 2000. "Self organization in a minority game: the rôle of memory and a probabilistic approach," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 284(1), pages 489-495.
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    Cited by:

    1. Fenling Feng & Chengguang Liu & Jiaqi Zhang, 2020. "China's Railway Transportation Safety Regulation System Based on Evolutionary Game Theory and System Dynamics," Risk Analysis, John Wiley & Sons, vol. 40(10), pages 1944-1966, October.
    2. Ding, Fei & Liu, Yun & Shen, Bo & Si, Xia-Meng, 2010. "An evolutionary game theory model of binary opinion formation," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 389(8), pages 1745-1752.
    3. Zhang, Wei & Sun, Yuxin & Feng, Xu & Xiong, Xiong, 2015. "Evolutionary Minority Game with searching behavior," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 436(C), pages 694-706.
    4. Park, Daehyeon & Ryu, Doojin & Webb, Robert I., 2024. "Fear of missing out and market stability: A networked minority game approach," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 634(C).

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