%0 Journal Article
%T Mixed population Minority Game with generalized strategies
%A P. Jefferies
%A M. Hart
%A N. F. Johnson
%A P. M. Hui
%J Physics
%D 2000
%I arXiv
%R 10.1088/0305-4470/33/43/101
%X We present a quantitative theory, based on crowd effects, for the market volatility in a Minority Game played by a mixed population. Below a critical concentration of generalized strategy players, we find that the volatility in the crowded regime remains above the random coin-toss value regardless of the "temperature" controlling strategy use. Our theory yields good agreement with numerical simulations.
%U http://arxiv.org/abs/cond-mat/0005043v1