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Authors: Jun Kiniwa 1 ; Takeshi Koide 2 and Hiroaki Sandoh 3

Affiliations: 1 University of Hyogo, Japan ; 2 Konan University, Japan ; 3 Osaka University, Japan

ISBN: 978-989-8425-96-6

Keyword(s): Multiagent, Minority game, Mean asset value, Asset value game, Contrarian, Trend-follower.

Related Ontology Subjects/Areas/Topics: Agents ; Artificial Intelligence ; Bioinformatics ; Biomedical Engineering ; Cooperation and Coordination ; Economic Agent Models ; Enterprise Information Systems ; Information Systems Analysis and Specification ; Methodologies and Technologies ; Operational Research ; Simulation

Abstract: A minority game (MG) is a non-cooperative iterated game with an odd population of agents who make bids whether to buy or sell. Based on the framework of MG, several kinds of games have been proposed. However, the common disadvantage in their characteristics is to neglect past actions. So we present a new variant of the MG, called an asset value game (AG), in which every agent aims to decrease a mean asset value, that is, an acquisition cost averaged through the past actions. The AG, however, is too simple to reproduce the complete market dynamics. So we further consider an improvement of AG, called an extended asset value game (ExAG), and investigate their features and obtain some results by simulation.

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Paper citation in several formats:
Kiniwa, J.; Koide, T. and Sandoh, H. (2012). A NEW VARIANT OF THE MINORITY GAME - Asset Value Game and Its Extension.In Proceedings of the 4th International Conference on Agents and Artificial Intelligence - Volume 2: ICAART, ISBN 978-989-8425-96-6, pages 15-22. DOI: 10.5220/0003715800150022

@conference{icaart12,
author={Jun Kiniwa. and Takeshi Koide. and Hiroaki Sandoh.},
title={A NEW VARIANT OF THE MINORITY GAME - Asset Value Game and Its Extension},
booktitle={Proceedings of the 4th International Conference on Agents and Artificial Intelligence - Volume 2: ICAART,},
year={2012},
pages={15-22},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0003715800150022},
isbn={978-989-8425-96-6},
}

TY - CONF

JO - Proceedings of the 4th International Conference on Agents and Artificial Intelligence - Volume 2: ICAART,
TI - A NEW VARIANT OF THE MINORITY GAME - Asset Value Game and Its Extension
SN - 978-989-8425-96-6
AU - Kiniwa, J.
AU - Koide, T.
AU - Sandoh, H.
PY - 2012
SP - 15
EP - 22
DO - 10.5220/0003715800150022

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