Theory of the evolutionary minority game

@article{Lo2000TheoryOT,
  title={Theory of the evolutionary minority game},
  author={Lo and Hui and Johnson},
  journal={Physical review. E, Statistical physics, plasmas, fluids, and related interdisciplinary topics},
  year={2000},
  volume={62 3 Pt B},
  pages={4393-6}
}
  • Lo, Hui, Johnson
  • Published 2000 in
    Physical review. E, Statistical physics, plasmas…
We present a theory describing a recently introduced model of an evolving, adaptive system in which agents compete to be in the minority. The agents themselves are able to evolve their strategies over time in an attempt to improve their performance. The theory explicitly demonstrates the self-interaction, or market impact, that agents in such systems experience.