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Minority games with finite score memory
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Challet, Damien, De Martino, Andrea, Marsili, Matteo and Castillo, Isaac Pérez (2004) Minority games with finite score memory. Working Paper. Coventry: Warwick Business School, Financial Econometrics Research Centre. Working papers (Warwick Business School. Financial Econometrics Research Centre) (No.04-).
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Official URL: http://www2.warwick.ac.uk/fac/soc/wbs/research/wfr...
Abstract
We analyze grand-canonical minority games with infinite and finite score memory and different updating timescales (from ‘on-line’ games to ‘batch’ games) in detail with various complementary methods, both analytical and numerical. We focus on the emergence of ‘stylized facts’ and on the production of exploitable information, as well as on the dynamic behaviour of the models. We find that with finite score memory no agent can be frozen, and that all the current analytical methods fail to provide satisfactory explanation of the observed behaviours.
Item Type: | Working or Discussion Paper (Working Paper) | ||||
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Subjects: | H Social Sciences > HB Economic Theory Q Science > QA Mathematics |
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Divisions: | Faculty of Social Sciences > Warwick Business School > Financial Econometrics Research Centre Faculty of Social Sciences > Warwick Business School |
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Library of Congress Subject Headings (LCSH): | Stochastic analysis, Economics -- Mathematical models, Social networks -- Mathematical models, Game theory | ||||
Series Name: | Working papers (Warwick Business School. Financial Econometrics Research Centre) | ||||
Publisher: | Warwick Business School, Financial Econometrics Research Centre | ||||
Place of Publication: | Coventry | ||||
Official Date: | 22 July 2004 | ||||
Dates: |
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Number: | No.04- | ||||
Number of Pages: | 16 | ||||
Status: | Not Peer Reviewed | ||||
Access rights to Published version: | Open Access (Creative Commons) |
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