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Phys. Rev. E 59, R3783–R3786 (1999)

Irrelevance of memory in the minority game

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Andrea Cavagna*
Theoretical Physics, University of Oxford, 1 Keble Road, Oxford OX1 3NP, United Kingdom

Received 15 December 1998; published in the issue dated April 1999

By means of extensive numerical simulations, we show that all the distinctive features of the minority game introduced by Challet and Zhang [Physica A 256, 514 (1998)] are completely independent of the memory of the agents. The only crucial requirement is that all the individuals must possess the same information, irrespective of whether this information is true or false.

© 1999 The American Physical Society

URL:
http://link.aps.org/doi/10.1103/PhysRevE.59.R3783
DOI:
10.1103/PhysRevE.59.R3783
PACS:
05.90.+m, 87.10.+e

*Electronic address: a.cavagna1@physics.ox.ac.uk