3
views
0
recommends
+1 Recommend
0 collections
    0
    shares
      • Record: found
      • Abstract: found
      • Article: not found

      Effects of contrarians in the minority game.

      Read this article at

      ScienceOpenPublisherPubMed
      Bookmark
          There is no author summary for this article yet. Authors can add summaries to their articles on ScienceOpen to make them more accessible to a non-specialist audience.

          Abstract

          We study the effects of the presence of contrarians in an agent-based model of competing populations. Contrarians are common in societies. These contrarians are agents who deliberately prefer to hold an opinion that is contrary to the prevailing idea of the commons or normal agents. Contrarians are introduced within the context of the minority game (MG), which is a binary model for an evolving and adaptive population of agents competing for a limited resource. The average success rate among the agents is found to have a nonmonotonic dependence on the fraction a(c) of contrarians. For small a(c), the contrarians systematically outperform the normal agents by avoiding the crowd effect and enhance the overall success rate. For high a(c), the anti-persistent nature of the MG is disturbed and the few normal agents outperform the contrarians. Qualitative discussion and analytic results for the small a(c) and high a(c) regimes are presented, and the crossover behavior between the two regimes is discussed.

          Related collections

          Author and article information

          Journal
          Phys Rev E Stat Nonlin Soft Matter Phys
          Physical review. E, Statistical, nonlinear, and soft matter physics
          American Physical Society (APS)
          1539-3755
          1539-3755
          Aug 2005
          : 72
          : 2 Pt 2
          Affiliations
          [1 ] Zhejiang Institute of Modern Physics and Department of Physics, Zhejiang University, Hangzhou 310027, People's Republic of China.
          Article
          10.1103/PhysRevE.72.026134
          16196671
          35dd1710-24a8-41ea-affe-1cd5bee1e963
          History

          Comments

          Comment on this article