Abstract
We consider a model of heterogeneous, inductive rational agents, who interact through an aggregate, collective variable, and act on a finite system of local markets, where they play the Minority Game (MG). The markets have their local histories. Any agent at any time can play only on a single local market, but over time they may change the market according to certain rules. In this paper we focused on the differences and similarities between MG played on one single market (global market) and MG played on a system of local markets.
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© 2003 Springer-Verlag Berlin Heidelberg
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Płatkowski, T., Ramsza, M. (2003). A Model of Distributed Markets with Heterogeneous Agents. In: Cowan, R., Jonard, N. (eds) Heterogenous Agents, Interactions and Economic Performance. Lecture Notes in Economics and Mathematical Systems, vol 521. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-55651-7_5
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DOI: https://doi.org/10.1007/978-3-642-55651-7_5
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-44057-4
Online ISBN: 978-3-642-55651-7
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