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Chinese Physics, 2006, Vol. 15(6): 1239-1247    DOI: 10.1088/1009-1963/15/6/018
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Dynamic behaviours of mix-game model and its application

Gou Cheng-Ling (苟成玲)
Department of Physics, Beijing University of Aeronautics and Astronautics, Beijing 100083, China; Department of Physics, University of Oxford, Clarendon Laboratory, Parks Road, Oxford, OX1 3PU, UK
Abstract  In this paper a minority game (MG) is modified by adding into it some agents who play a majority game. Such a game is referred to as a mix-game. The highlight of this model is that the two groups of agents in the mix-game have different bounded abilities to deal with historical information and to count their own performance. Through simulations, it is found that the local volatilities change a lot by adding some agents who play the majority game into the MG, and the change of local volatilities greatly depends on different combinations of historical memories of the two groups. Furthermore, the analyses of the underlying mechanisms for this finding are made. The applications of mix-game mode are also given as an example.
Keywords:  minority game      majority game      mix-game  
Received:  17 November 2005      Revised:  28 March 2006      Accepted manuscript online: 
PACS:  05.50.+q (Lattice theory and statistics)  
  05.45.-a (Nonlinear dynamics and chaos)  

Cite this article: 

Gou Cheng-Ling (苟成玲) Dynamic behaviours of mix-game model and its application 2006 Chinese Physics 15 1239

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