Literature DB >> 16196671

Effects of contrarians in the minority game.

Li-Xin Zhong1, Da-Fang Zheng, Bo Zheng, P M Hui.   

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.

Mesh:

Year:  2005        PMID: 16196671     DOI: 10.1103/PhysRevE.72.026134

Source DB:  PubMed          Journal:  Phys Rev E Stat Nonlin Soft Matter Phys        ISSN: 1539-3755


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Journal:  Sci Rep       Date:  2016-02-17       Impact factor: 4.379

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  3 in total

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