School of Technology and Computer Science Seminars

Emergent Cooperation Amongst Selfish Agents in Minority Games

by Prof. Deepak Dhar (Department of Theoretical Physics)

Tuesday, March 22, 2011 from to (Asia/Kolkata)
at Colaba Campus ( A-212 )
Description
I will discuss 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. I will discuss a simple probabilistic strategy using which the agents acting selfishly, and independently, can still maximize the average number of people benefitting every day. The strategy leads to a very efficient utilization of resources.
Organised by John Barretto