• DocumentCode
    2222559
  • Title

    Towards understanding the role of learning models in the dynamics of the minority game

  • Author

    Araújo, Ricardo M. ; Lamb, Luís C.

  • Author_Institution
    Inst. of Informatics, Univ. Fed. do Rio Grande do Sul, Porto Alegre, Brazil
  • fYear
    2004
  • fDate
    15-17 Nov. 2004
  • Firstpage
    727
  • Lastpage
    731
  • Abstract
    We report experiments in a boundedly rational evolutionary game, namely the minority game, where agents apply a very simple learning algorithm to discard bad strategies and create new ones. The results show that even such simplified learning model presents qualitative differences from the behavior of the traditional game, where strategies are fixed and cannot be modified or discarded. We show that this result is qualitatively similar to other, more complex, learning approaches. Also, we study how the learning parameters of our model affect the dynamics of the game and we provide experimental evidence of a high dependence between the behavior of the system and the way fitness is attributed as new strategies enter the game.
  • Keywords
    evolutionary computation; game theory; inference mechanisms; learning by example; multi-agent systems; economic agents; evolutionary game; learning algorithm; learning model; minority game; Artificial intelligence; Economic forecasting; Environmental economics; Game theory; History; Humans; Informatics; Power generation economics; Power system economics; Thumb;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Tools with Artificial Intelligence, 2004. ICTAI 2004. 16th IEEE International Conference on
  • ISSN
    1082-3409
  • Print_ISBN
    0-7695-2236-X
  • Type

    conf

  • DOI
    10.1109/ICTAI.2004.117
  • Filename
    1374261