Score-dependent payoffs and Minority Games
نویسندگان
چکیده
Payoffs which depend on the scores of the strategies are introduced into the standard Minority Game (MG). The double-periodicity behavior of the standard model is consequently removed, and stylized facts arise, such as long-range volatility correlations and ‘‘fat-tails’’ of the probability distribution of the returns. Furthermore, the score-dependent payoffs could coexist with the inactive strategy in the grand canonical MG, and play an important role in the thermal MG. r 2006 Published by Elsevier B.V.
منابع مشابه
Minority games with score-dependent and agent-dependent payoffs.
Score-dependent and agent-dependent payoffs of the strategies are introduced into the standard minority game. The intrinsic periodicity is consequently removed, and the stylized facts arise, such as long-range volatility correlations and "fat tails" in the distribution of the returns. The agent dependence of the payoffs is essential in producing the long-range volatility correlations. The new p...
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