V. Sasidevan

  1. Cooperation amongst competing agents in minority games.

    Authors: Bikas K. Chakrabarti, Deepak Dhar, V. Sasidevan
    Subjects: Trading and Market Microstructure
    Abstract

    We study a variation of the minority game. There are N agents. Each has to
    choose between one of two alternatives everyday, and there is reward to each
    member of the smaller group. The agents cannot communicate with each other, but
    try to guess the choice others will make, based only the past history of number
    of people choosing the two alternatives. We describe a simple probabilistic
    strategy using which the agents acting independently, can still maximize the
    average number of people benefitting every day.

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